Out of 3 analysts covering Morneau Shepell Inc. (TSE:MSI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $19.25 is the highest target while $18.50 is the lowest. The $18.92 average target is -0.42% below today’s ($19) stock price. Morneau Shepell Inc. has been the topic of 4 analyst reports since May 11, 2016 according to StockzIntelligence Inc. Below is a list of Morneau Shepell Inc (TSE:MSI) latest ratings and price target changes.
20/06/2016 Broker: National Bank Canada Rating: Outperform Reinitiate
03/06/2016 Broker: Scotia Capital Rating: Perform – Trader New Target: $19.00 Maintain
11/05/2016 Broker: IBC Rating: Outperform Old Target: $19.00 New Target: $19.25 Target Up
11/05/2016 Broker: TD Securities Rating: Hold Old Target: $17.50 New Target: $18.50 Target Up
About 61,813 shares traded hands. Morneau Shepell Inc (TSE:MSI) has risen 28.52% since February 5, 2016 and is uptrending. It has outperformed by 12.04% the S&P500.
Morneau Shepell Inc. is a Canada-based company, which provides health and productivity, administrative and retirement solutions to assist employers in managing the financial security, health and productivity of their employees. The company has a market cap of $1.04 billion. The Firm offers its services to organizations that are situated in Canada, the United States and internationally. It has a 69.49 P/E ratio. The Company’s services include consulting engagements, outsourcing engagements, employee and family assistance programs, and absence management solutions.
The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.12, from 1.29 in 2016Q1. The ratio turned negative, as 39 funds sold all Morneau Shepell Inc shares owned while 148 reduced positions. 47 funds bought stakes while 172 increased positions. They now own 132.02 million shares or 7.13% less from 142.16 million shares in 2016Q1.
Marlowe Partners Lp holds 15.44% of its portfolio in Morneau Shepell Inc for 290,017 shares. Orbis Investment Management (U.S.) Llc owns 131,941 shares or 7.31% of their US portfolio. Moreover, Central Securities Corp has 4.6% invested in the company for 300,000 shares. The California-based Scharf Investments Llc has invested 4.22% in the stock. Sadoff Investment Management Llc, a Wisconsin-based fund reported 416,371 shares.
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