Morgan Stanley Sees Unusually High Options Volume (MS)
Morgan Stanley (NYSE:MS) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 14,539 put options on the company, American Banking News reports. This represents an increase of approximately 125% compared to the typical volume of 6,448 put options.
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 Wednesday. Finally, analysts at JMP Securities upgraded shares of Morgan Stanley (NYSE:MS) from a “market perform” rating to a “market outperform” rating in a research note to investors on Thursday, September 12th. They now have a $34.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.85.
Shares of Morgan Stanley (NYSE:MS) traded down 0.18% during mid-day trading on Wednesday, hitting $27.22. The stock had a trading volume of 16,380,975 shares. Morgan Stanley has a one year low of $15.95 and a one year high of $29.50. The stock has a 50-day moving average of $27.00 and a 200-day moving average of $24.96. The company has a market cap of $53.311 billion and a P/E ratio of 42.28.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters 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. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts expect that Morgan Stanley will post $2.02 EPS 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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