In a report released yesterday, Manav Patnaik from Barclays maintained a Buy rating on MSCI (MSCI – Research Report), with a price target of $700.00. The company’s shares closed yesterday at $602.24.
According to TipRanks, Patnaik is a 5-star analyst with an average return of 12.1% and a 67.07% success rate. Patnaik covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, Thomson Reuters, and HireRight Holdings Corp.
In addition to Barclays, MSCI also received a Buy from Wells Fargo’s Seth Weber in a report issued on January 18. However, on January 29, Bank of America Securities maintained a Sell rating on MSCI (NYSE: MSCI).
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Based on MSCI’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $625.44 million and a net profit of $259.66 million. In comparison, last year the company earned a revenue of $560.64 million and had a net profit of $216.59 million
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MSCI (MSCI) Company Description:
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.
Read More on MSCI:
- MSCI Inc Subsidiary Guarantors Discharged from Obligations
- MSCI Inc Announces New Off-Balance Sheet Financial Obligation
- MSCI Inc. Secures $1.25 Billion Revolving Credit Facility
- MSCI tells Bloomberg short seller’s report ‘false, misleading, incomplete’
- MSCI down 2% at $532.75 after ‘strong sell’ opinion by Spruce Point Capital
