Morgan Stanley Given “Hold” Rating at TheStreet (MS)
Morgan Stanley (NYSE:MS)‘s stock had its “hold” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Tuesday, ARN reports.
The analysts wrote, “Morgan Stanley (MS) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.”
MS has been the subject of a number of other recent research reports. Analysts at ISI Group initiated coverage on shares of Morgan Stanley in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Guggenheim cut their price target on shares of Morgan Stanley from $31.00 to $30.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Finally, analysts at JMP Securities upgraded shares of Morgan Stanley 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 issued a hold rating and eleven have assigned a buy rating to the company’s stock. Morgan Stanley has an average rating of “Hold” and a consensus price target of $27.11.
Morgan Stanley (NYSE:MS) traded down 0.71% on Tuesday, hitting $26.65. The stock had a trading volume of 8,358,112 shares. Morgan Stanley has a 1-year low of $15.95 and a 1-year high of $29.50. The stock has a 50-day moving average of $27.06 and a 200-day moving average of $25.22. The company has a market cap of $52.195 billion and a price-to-earnings ratio of 41.61.
Morgan Stanley (NYSE:MS) last issued its quarterly 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.