Morgan Stanley Now Covered by Analysts at ISI Group (MS)
Equities research analysts at ISI Group initiated coverage on shares of Morgan Stanley (NYSE:MS) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on MS. 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. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley in a research note to investors on Wednesday, September 25th. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley in a research note to investors on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.11.
Shares of Morgan Stanley (NYSE:MS) opened at 26.84 on Tuesday. Morgan Stanley has a 1-year low of $15.95 and a 1-year high of $29.50. The stock’s 50-day moving average is $27.06 and its 200-day moving average is $25.22. The company has a market cap of $52.567 billion and a price-to-earnings ratio of 41.61.
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.
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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