Cantor Fitzgerald Reiterates Buy Rating for MSCI Inc (MSCI)
MSCI Inc (NYSE:MSCI)‘s stock had its “buy” rating reissued by stock analysts at Cantor Fitzgerald in a report released on Thursday. They currently have a $126.00 price objective on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential downside of 0.03% from the company’s previous close.
The analysts wrote, “3Q17 revenues just above expectations. 3Q17 revenue was $322.1 mn, up 11.7% y/y (+11.9% in constant currency), vs. our estimate of $321.0 mn and the FactSet consensus of $321.7 mn. Growth was driven by continued strength in the Index product line, aided by all time highs in global ETF AuM. 3Q17 adjusted EPS was $1.00, above our estimate of $0.98 and the consensus of $0.97. Adjusted EBITDA margin was 52.3%, from 3Q16’s 49.7%, vs. our estimate of 52.7%.””
Several other equities research analysts have also commented on MSCI. BidaskClub lowered shares of MSCI from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Thursday, July 6th. UBS Group AG (USA) increased their price objective on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Barclays PLC started coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. MSCI currently has a consensus rating of “Buy” and an average target price of $127.17.
Shares of MSCI (NYSE:MSCI) opened at $126.04 on Thursday. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 3.31 and a beta of 0.86. The company has a debt-to-equity ratio of 6.76, a quick ratio of 1.96 and a current ratio of 1.96.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. MSCI had a net margin of 24.97% and a return on equity of 111.36%. The company had revenue of $322.10 million for the quarter, compared to analyst estimates of $322.96 million. During the same quarter in the prior year, the business posted $0.77 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. equities analysts predict that MSCI will post 3.79 earnings per share for the current year.
In other news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.16, for a total transaction of $239,878.28. Following the completion of the transaction, the chief operating officer now directly owns 176,183 shares of the company’s stock, valued at approximately $20,289,234.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 6,249 shares of company stock valued at $724,009. Company insiders own 2.26% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its position in shares of MSCI by 0.3% during the 1st quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock valued at $287,000 after acquiring an additional 8 shares during the period. Alps Advisors Inc. grew its position in shares of MSCI by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,971 shares of the technology company’s stock valued at $512,000 after acquiring an additional 13 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of MSCI by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,289 shares of the technology company’s stock valued at $1,884,000 after acquiring an additional 64 shares during the period. Toronto Dominion Bank grew its position in shares of MSCI by 13.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after acquiring an additional 134 shares during the period. Finally, Douglass Winthrop Advisors LLC grew its position in shares of MSCI by 7.1% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 2,418 shares of the technology company’s stock valued at $249,000 after acquiring an additional 160 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.
MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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