TheStreet Reiterates Buy Rating for Morgan Stanley (MS)
Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reiterated by stock analysts at TheStreet in a report issued on Monday, American Banking and Market 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.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura initiated coverage on shares of Morgan Stanley in a research note to investors on Thursday, January 9th. They set a “neutral” rating and a $34.00 price target on the stock. Separately, analysts at Societe Generale initiated coverage on shares of Morgan Stanley in a research note to investors on Tuesday, January 7th. They set a “hold” rating on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company. Morgan Stanley has a consensus rating of “Hold” and an average price target of $31.21.
Morgan Stanley (NYSE:MS) opened at 33.40 on Monday. Morgan Stanley has a one year low of $20.16 and a one year high of $33.52. The stock’s 50-day moving average is $31.15 and its 200-day moving average is $28.59. The company has a market cap of $65.175 billion and a price-to-earnings ratio of 19.88. Morgan Stanley also was the target of unusually large options trading on Wednesday. Stock traders acquired 12,091 put options on the stock. This is an increase of 119% compared to the typical volume of 5,513 put options.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Friday, January 17th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.27. The company had revenue of $7.80 million for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $2.00 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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