Morgan Stanley Target of Unusually Large Options Trading (MS)
Shares of Morgan Stanley (NYSE:MS) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 22,261 put options on the stock, Analyst Ratings Network.com reports. This is an increase of approximately 226% compared to the typical daily volume of 6,823 put options.
MS has been the subject of a number of recent research reports. Analysts at Societe Generale initiated coverage on shares of Morgan Stanley in a research note to investors on Tuesday. They set a “hold” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Morgan Stanley in a research note to investors on Sunday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Morgan Stanley in a research note to investors on Friday, December 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Morgan Stanley presently has a consensus rating of “Hold” and a consensus price target of $30.65.
Morgan Stanley (NYSE:MS) traded down 0.32% during mid-day trading on Tuesday, hitting $31.52. 9,245,754 shares of the company’s stock traded hands. Morgan Stanley has a 1-year low of $19.41 and a 1-year high of $31.93. The stock’s 50-day moving average is $30.95 and its 200-day moving average is $28.1. The company has a market cap of $61.506 billion and a price-to-earnings ratio of 19.64.
Morgan Stanley (NYSE:MS) last announced its earnings results on Friday, October 18th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.55) earnings per share. Morgan Stanley’s revenue was up 50.0% compared to the same quarter last year. On average, analysts predict that Morgan Stanley will post $2.03 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.