TheStreet Reiterates Hold Rating for Morgan Stanley (MS)
Morgan Stanley (NYSE:MS)‘s stock had its “hold” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Wednesday, American Banking News.com 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.”
Shares of Morgan Stanley (NYSE:MS) traded up 2.63% during mid-day trading on Wednesday, hitting $29.69. The stock had a trading volume of 32,414,104 shares. Morgan Stanley has a 1-year low of $15.95 and a 1-year high of $29.97. The stock has a 50-day moving average of $27.58 and a 200-day moving average of $25.53. The company has a market cap of $58.149 billion and a price-to-earnings ratio of 44.85. Morgan Stanley also saw unusually large options trading on Thursday. Stock traders bought 24,415 put options on the stock. This represents an increase of 179% compared to the average daily volume of 8,750 put options.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the previous year, the company posted ($0.55) earnings per share. The company’s revenue for the quarter was up 50.0% on a year-over-year basis. Analysts expect that Morgan Stanley will post $1.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Tuesday, October 29th.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group initiated coverage on shares of Morgan Stanley in a research note to investors on Tuesday, October 8th. 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 analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.20.
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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