Morgan Stanley Hits New 52-Week High at $28.15 (MS)
Shares of Morgan Stanley (NYSE:MS) hit a new 52-week high on Tuesday, Analyst Ratings Network reports. The company traded as high as $28.15 and last traded at $28.07, with a volume of 13,266,179 shares trading hands. The stock had previously closed at $27.44.
MS has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley (NYSE:MS) in a research note to investors on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley (NYSE:MS) in a research note to investors on Thursday, September 5th. They now have a $28.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.93.
Morgan Stanley has a 1-year low of $15.95 and a 1-year high of $28.02. The stock has a 50-day moving average of $26.81 and a 200-day moving average of $24.51. The company has a market cap of $54.976 billion and a price-to-earnings ratio of 42.54. Morgan Stanley also was the target of some unusual options trading on Monday. Investors acquired 11,644 put options on the stock. This is an increase of 125% compared to the typical volume of 5,166 put options.
Morgan Stanley (NYSE:MS) last released its earnings data on Thursday, July 18th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.07. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. Morgan Stanley’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict that Morgan Stanley will post $2.06 earnings per share for the current fiscal year.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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