Morgan Stanley PT Raised to $33.00 at SunTrust (MS)
Investment analysts at SunTrust raised their target price on shares of Morgan Stanley (NYSE:MS) from $31.00 to $33.00 in a note issued to investors on Tuesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. SunTrust’s price target would suggest a potential upside of 12.02% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Morgan Stanley from $32.00 to $35.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Morgan Stanley from $28.00 to $31.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Morgan Stanley from $29.00 to $33.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. One research 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. The company presently has a consensus rating of “Hold” and an average target price of $28.84.
Shares of Morgan Stanley (NYSE:MS) traded up 0.10% during mid-day trading on Tuesday, hitting $29.46. 13,081,378 shares of the company’s stock traded hands. Morgan Stanley has a 52 week low of $14.81 and a 52 week high of $28.40. The stock has a 50-day moving average of $26.85 and a 200-day moving average of $24.63. The company has a market cap of $58.920 billion and a price-to-earnings ratio of 18.27.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the 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 $2.00 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 0.68%. The ex-dividend date is Tuesday, October 29th.
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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