Barclays Sticks to Their Buy Rating for MSCI (MSCI)
In a report released today, Manav Patnaik from Barclays maintained a Buy rating on MSCI, with a price target of $700.00.
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According to TipRanks, Patnaik is a 4-star analyst with an average return of 4.0% and a 53.92% success rate. Patnaik covers the Industrials sector, focusing on stocks such as Cintas, Verisk Analytics, and Mcgrath Rentcorp.
In addition to Barclays, MSCI also received a Buy from Argus Research’s Kevin Heal in a report issued on April 23. However, on April 22, Wells Fargo assigned a Hold rating to MSCI (NYSE: MSCI).
Based on MSCI’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $850.8 million and a net profit of $406 million. In comparison, last year the company earned a revenue of $745.83 million and had a net profit of $288.6 million
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock. Last month, Alvise J. Munari, the CPO of MSCI sold 10,000.00 shares for a total of $5,920,351.20.
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