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Investment analysts at Keefe, Bruyette & Woods dropped their price target on shares of MSCI (NASDAQ:MSCI) from $48.00 to $47.00 in a note issued to investors on Friday, Stock Ratings Network reports. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 15.37% from the stock’s previous close.

Separately, analysts at Janney Montgomery Scott initiated coverage on shares of MSCI in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock.

Shares of MSCI (NASDAQ:MSCI) traded down 1.13% on Friday, hitting $40.28. 1,589,706 shares of the company’s stock traded hands. MSCI has a 1-year low of $31.63 and a 1-year high of $45.42. The stock has a 50-day moving average of $43.01 and a 200-day moving average of $40.88. The company has a market cap of $4.769 billion and a price-to-earnings ratio of 21.79.

MSCI (NASDAQ:MSCI) last announced its earnings results on Thursday, February 6th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.05. The company had revenue of $267.60 million for the quarter, compared to the consensus estimate of $263.54 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts expect that MSCI will post $2.37 EPS for the current fiscal year.

MSCI Inc (NASDAQ:MSCI) is a provider of investment decision support tools, including indices, portfolio risk and performance analytics and corporate governance products and services.

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