MSCI Analysts Slash Their Forecasts After Q2 Earnings

Benzinga Earnings
07/22

MSCI (NYSE:MSCI) reported upbeat earnings for the second quarter on Tuesday.

The company posted quarterly earnings of $4.94 per share which beat the analyst consensus estimate of $4.93 per share. The company reported quarterly sales of $867.000 million which beat the analyst consensus estimate of $866.439 million.

“In the second quarter MSCI delivered strong financial results along with a record asset-based-fee run rate and accelerated run-rate growth in Index and Private Capital Solutions. We also achieved strength in recurring net-new sales across key client segments and geographies, including our best quarter ever with hedge funds and our best Q2 with asset owners,” said Henry A. Fernandez, Chairman and CEO of MSCI.

MSCI shares rose 1.2% to trade at $568.28 on Wednesday.

These analysts made changes to their price targets on MSCI following earnings announcement.

  • JP Morgan analyst Alexander Hess maintained the stock with an Overweight rating and lowered the price target from $742 to $700.
  • Evercore ISI Group analyst David Motemeden maintained the stock with an Outperform rating and lowered the price target from $746 to $722.

Considering buying MSCI stock? Here’s what analysts think:

Photo via Shutterstock

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10