In a report issued on July 29, Ashish Sabadra from RBC Capital maintained a Buy rating on MSCI (MSCI – Research Report), with a price target of $520.00. The company’s shares closed last Monday at $476.86.
According to TipRanks.com, Sabadra is a 3-star analyst with an average return of 3.3% and a 48.9% success rate. Sabadra covers the Services sector, focusing on stocks such as Terminix Global Holdings, HireRight Holdings Corp, and Vivint Smart Home.
MSCI has an analyst consensus of Moderate Buy, with a price target consensus of $505.33, representing a 5.9% upside. In a report issued on July 15, Raymond James also maintained a Buy rating on the stock with a $493.00 price target.
Based on MSCI’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $552 million and net profit of $211 million. In comparison, last year the company earned revenue of $498 million and had a net profit of $165 million.
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MSCI Inc. provides investment decision support tools and services for the global investment community. Its offerings include indexes, Environmental, Social and Governance research and ratings, portfolio construction and risk management products and services, and real estate research, reporting and benchmarking.
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