Morgan Stanley Sees Unusually Large Options Volume (MS)
Morgan Stanley (NYSE:MS) was the target of some unusual options trading activity on Wednesday. Traders purchased 19,278 put options on the stock, Analyst Ratings Net reports. This is an increase of 158% compared to the average volume of 7,482 put options.
A number of research firms have recently commented on MS. Analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley in a research note to investors on Tuesday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Morgan Stanley presently has a consensus rating of “Hold” and an average price target of $27.11.
Morgan Stanley (NYSE:MS) opened at 26.77 on Thursday. 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 $27.09 and a 200-day moving average of $25.26. The company has a market cap of $52.430 billion and a price-to-earnings ratio of 41.50.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ 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 last 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 $1.99 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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