Msci (NYSE:MSCI) had its price objective increased by research analysts at Cantor Fitzgerald to $163.00 in a note issued to investors on Friday, The Fly reports. The firm currently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 14.36% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of Msci from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $143.00 target price for the company in a research note on Thursday, January 4th. Barclays reaffirmed a “hold” rating and issued a $135.00 target price on shares of Msci in a research note on Tuesday, December 19th. BidaskClub cut shares of Msci from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group lifted their target price on shares of Msci from $120.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $145.50.
Shares of Msci (MSCI) traded down $3.79 on Friday, hitting $142.53. 749,882 shares of the stock were exchanged, compared to its average volume of 413,526. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.05 and a current ratio of 2.05. Msci has a fifty-two week low of $89.97 and a fifty-two week high of $149.15. The stock has a market cap of $12,840.00, a PE ratio of 43.06, a price-to-earnings-growth ratio of 3.02 and a beta of 0.90.
Several hedge funds and other institutional investors have recently made changes to their positions in MSCI. Arrowstreet Capital Limited Partnership grew its stake in shares of Msci by 64.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 919,364 shares of the technology company’s stock valued at $94,685,000 after buying an additional 359,892 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of Msci by 1,502.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 293,037 shares of the technology company’s stock valued at $34,256,000 after buying an additional 274,748 shares during the period. Victory Capital Management Inc. grew its stake in shares of Msci by 386.3% during the 3rd quarter. Victory Capital Management Inc. now owns 325,299 shares of the technology company’s stock valued at $38,027,000 after buying an additional 258,402 shares during the period. Artemis Investment Management LLP grew its stake in shares of Msci by 131.2% during the 3rd quarter. Artemis Investment Management LLP now owns 398,520 shares of the technology company’s stock valued at $46,585,000 after buying an additional 226,123 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in shares of Msci by 550.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 235,596 shares of the technology company’s stock valued at $24,264,000 after buying an additional 199,351 shares during the period. 92.93% of the stock is owned by institutional investors.
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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.
