Wells Fargo & Company Issues Pessimistic Forecast for MSCI (NYSE:MSCI) Stock Price

MSCI (NYSE:MSCI) had its price target reduced by equities research analysts at Wells Fargo & Company from $690.00 to $685.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 26.17% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group initiated coverage on shares of MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $700.00 price objective on shares of MSCI in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their price objective on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings downgraded MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, UBS Group set a $615.00 target price on MSCI in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $709.08.

MSCI Stock Down 1.5%

Shares of MSCI opened at $542.93 on Tuesday. The stock has a market capitalization of $39.47 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.10 and a beta of 1.22. MSCI has a twelve month low of $501.08 and a twelve month high of $644.77. The company has a 50 day moving average of $562.65 and a 200-day moving average of $574.46.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The business had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.17 EPS. On average, sell-side analysts anticipate that MSCI will post 19.61 earnings per share for the current fiscal year.

Institutional Trading of MSCI

A number of large investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new position in shares of MSCI in the 2nd quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new stake in shares of MSCI in the 4th quarter valued at about $30,000. Compound Global Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter valued at about $34,000. SHP Wealth Management acquired a new stake in MSCI in the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC bought a new position in MSCI during the first quarter worth about $39,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

About MSCI

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks, wealth managers and other financial professionals. The company is best known for its equity, fixed-income and multi-asset-class indexes, which are used as benchmarks and as the basis for investment products such as exchange-traded funds and other index-linked strategies.

In addition to indexes, MSCI provides portfolio analytics, risk-management and performance-measurement tools designed to help clients evaluate exposures, construct portfolios and manage investment risks.