In a report released yesterday, Owen Lau from Oppenheimer assigned a Buy rating to MSCI (MSCI), with a price target of $489.00. The company’s shares closed last Thursday at $409.00.
According to TipRanks.com, Lau is a 3-star analyst with an average return of 7.5% and a 59.8% success rate. Lau covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Focus Financial Partners, and Victory Capital Holdings.
Currently, the analyst consensus on MSCI is a Moderate Buy with an average price target of $472.50.
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Based on MSCI’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $444 million and net profit of $156 million. In comparison, last year the company earned revenue of $407 million and had a net profit of $123 million.
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MSCI, Inc. engages in the provision of investment decision support tools, including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index; Analytics; Environmental, Social, and Governance (ESG); and Real Estate. The Index segment involves in the index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation. The Analytics segment offers risk management, performance attribution and portfolio management content, applications and services. The ESG segment offers products and services that help institutional investors understand how ESG factors can impact the long-term risk of investments. The Real Estate segment includes research, reporting, market data and benchmarking offerings that provide real estate performance analysis for funds, investors and managers.. The company was founded by Andrew Thomas Rudd in 1998 and is headquartered in New York, NY.
