Morgan Stanley Price Target Cut to $30.00 by Analysts at Guggenheim (MS)
Investment analysts at Guggenheim reduced their target price on shares of Morgan Stanley (NYSE:MS) from $31.00 to $30.00 in a note issued to investors on Monday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price target points to a potential upside of 11.32% from the company’s current price.
A number of other firms have also recently commented on MS. Analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley (NYSE:MS) in a research note to investors on Wednesday, September 25th. 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 equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.81.
Shares of Morgan Stanley (NYSE:MS) traded down 0.48% during mid-day trading on Monday, hitting $26.95. The stock had a trading volume of 13,654,173 shares. Morgan Stanley has a one year low of $15.95 and a one year high of $29.50. The stock’s 50-day moving average is $27.00 and its 200-day moving average is $25.00. The company has a market cap of $52.783 billion and a price-to-earnings ratio of 41.98.
Morgan Stanley (NYSE:MS) last released its earnings data 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 $2.01 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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