MSCI (MSCI) Receives a Buy from Goldman Sachs
Goldman Sachs analyst George Tong maintained a Buy rating on MSCI yesterday and set a price target of $697.00. The company’s shares closed yesterday at $588.52.
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According to TipRanks, Tong is a 4-star analyst with an average return of 5.1% and a 54.61% success rate. Tong covers the Industrials sector, focusing on stocks such as Equifax, Cintas, and ManpowerGroup.
MSCI has an analyst consensus of Strong Buy, with a price target consensus of $695.42, which is a 18.16% upside from current levels. In a report released today, Wells Fargo also upgraded the stock to a Buy with a $700.00 price target.
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. Earlier this month, Henry Fernandez, the Chairman & CEO of MSCI bought 4,000.00 shares for a total of $2,249,591.42.
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