Morgan Stanley Receives Negative Earnings Outlook Update from UBS AG (MS)
Stock analysts at UBS AG dropped their EPS estimates on shares of Morgan Stanley (NYSE:MS) in a report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating and a $38.00 target price on the company’s shares. UBS AG’s price target would indicate a potential upside of 27.90% from the company’s current price.
In other Morgan Stanley news, COO James Rosenthal unloaded 33,500 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $30.18, for a total value of $1,011,030.00. Following the completion of the sale, the chief operating officer now directly owns 169,484 shares in the company, valued at approximately $5,115,027. The sale was disclosed in a document filed with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.58.
Shares of Morgan Stanley (NYSE:MS) traded up 1.41% on Wednesday, hitting $30.13. 8,400,183 shares of the company’s stock traded hands. Morgan Stanley has a 52-week low of $20.16 and a 52-week high of $33.52. The stock’s 50-day moving average is $30.46 and its 200-day moving average is $29.24. The company has a market cap of $58.599 billion and a P/E ratio of 21.10.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results 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. Analysts expect that Morgan Stanley will post $2.48 EPS 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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