Analysts Set Morgan Stanley (NYSE:MS) PT at $55.09

Morgan Stanley (NYSE:MS) has been given an average rating of “Hold” by the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $54.45.

MS has been the topic of a number of analyst reports. Pritchard Capital upgraded shares of Morgan Stanley to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, October 10th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b-” rating in a research note on Wednesday, September 18th. ValuEngine upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BMO Capital Markets set a $69.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, UBS Group reissued a “buy” rating and set a $53.00 price target on shares of Morgan Stanley in a research report on Thursday.

Shares of MS traded up $1.32 during mid-day trading on Monday, reaching $44.98. 14,384,497 shares of the stock traded hands, compared to its average volume of 10,789,527. The firm has a market cap of $71.80 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 1.21 and a beta of 1.35. The stock has a fifty day simple moving average of $42.66 and a 200 day simple moving average of $43.52. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $48.67. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $9.63 billion. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.91%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. On average, equities research analysts expect that Morgan Stanley will post 4.67 earnings per share for the current fiscal year.

In related news, major shareholder Ufj Financial Group Mitsubishi purchased 70,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of $1.01 per share, with a total value of $70,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 420,000 shares of company stock valued at $426,300 in the last three months. Corporate insiders own 0.23% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Integrated Investment Consultants LLC acquired a new position in Morgan Stanley in the third quarter worth $237,000. Nippon Life Global Investors Americas Inc. acquired a new position in Morgan Stanley in the third quarter worth $7,622,000. Calamos Advisors LLC boosted its holdings in Morgan Stanley by 12.4% in the third quarter. Calamos Advisors LLC now owns 1,546,728 shares of the financial services provider’s stock worth $65,999,000 after purchasing an additional 170,246 shares during the period. Brinker Capital Inc. boosted its holdings in Morgan Stanley by 4.7% in the third quarter. Brinker Capital Inc. now owns 22,852 shares of the financial services provider’s stock worth $975,000 after purchasing an additional 1,018 shares during the period. Finally, Sicart Associates LLC acquired a new position in Morgan Stanley in the third quarter worth $252,000. 83.68% of the stock is owned by hedge funds and other institutional investors.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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