Morgan Stanley Receives “Buy” Rating from TheStreet (MS)
Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Sunday, American Banking News reports.
The analysts wrote, “Morgan Stanley (MS) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Morgan Stanley (NYSE:MS) opened at 31.51 on Friday. Morgan Stanley has a one year low of $19.41 and a one year high of $31.85. The stock’s 50-day moving average is $30.91 and its 200-day moving average is $28.. The company has a market cap of $61.487 billion and a price-to-earnings ratio of 19.27.
Morgan Stanley (NYSE:MS) last announced its earnings results 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 prior year, the company posted ($0.55) earnings per share. The company’s quarterly revenue was up 50.0% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $2.03 earnings per share for the current fiscal year.
MS has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of Morgan Stanley in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note to investors on Friday, December 6th. They now have a $32.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, December 4th. They now have a $30.00 price target on the stock, down previously from $31.00. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. Morgan Stanley has a consensus rating of “Hold” and an average target price of $30.65.
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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