Stocks of MSCI Inc (NYSE:MSCI) traded higher last session on Wall Street, up 1.84% to $602.23.
MSCI stock price is now 0.27% away from the 50-day moving average and 9.92% away from the 200-day moving average. The market capitalization of the company currently stands at $47.20B.
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With the price target enhanced from $617 to $723, Goldman Upgraded its rating from Neutral to Buy for MSCI Inc (NYSE: MSCI). , while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, Fernandez Henry A, Chairman and CEO bought 2,900 shares of the company’s stock on Dec 05 ’24. The stock was bought for $1,777,119 at an average price of $612.80. Upon completion of the transaction, the Chairman and CEO now directly owns 330,379 shares in the company, valued at $198.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28 ’24, General Counsel Gutowski Robert J. sold 1,816 shares of the business’s stock. A total of $1,044,200 was realized by selling the stock at an average price of $575.00. This leaves the insider owning 15,101 shares of the company worth $9.09 million. A total of 3.28% of the company’s stock is owned by insiders.
During the past 12 months, MSCI Inc has had a low of $439.95 and a high of $642.45. According to the stock market information, the enterprise value for the company is $51334651904, which is based on a 39.55 price-to-earnings ratio, a 3.30 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for MSCI is $600.6256 and a two-hundred day moving average price translates $547.8605 for the stock.
The latest earnings results from MSCI Inc (NYSE: MSCI) was released for 2024-09-30. The company reported revenue of $724.71 million for the quarter, compared to $625.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.87 percent.
