Morgan Stanley Stock Rating Upgraded by Bank of America (MS)
Morgan Stanley (NYSE:MS) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, StockRatingsNetwork reports. The firm currently has a $35.00 price objective on the stock. Bank of America’s price objective suggests a potential upside of 20.69% from the company’s current price.
A number of other firms have also recently commented on MS. Analysts at BofA Merrill Lynch upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $35.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note on Friday, March 7th. They now have a $33.50 price target on the stock. Finally, analysts at EVA Dimensions upgraded shares of Morgan Stanley from an “underweight” rating to a “hold” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. Morgan Stanley has a consensus rating of “Hold” and an average price target of $31.83.
Morgan Stanley (NYSE:MS) opened at 29.06 on Tuesday. 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 $30.96 and its 200-day moving average is $30.22. The company has a market cap of $57.413 billion and a P/E ratio of 20.96.
Morgan Stanley (NYSE:MS) last released its earnings data on Friday, January 17th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.45 earnings per share. Morgan Stanley’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that Morgan Stanley will post $2.40 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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