Morgan Stanley’s Neutral Rating Reaffirmed at Zacks (MS)
Morgan Stanley (NYSE:MS)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a $32.00 price target on the stock. Zacks‘s price target points to a potential upside of 3.43% from the stock’s previous close.
Zacks’ analyst wrote, “Morgan Stanley’s first-quarter earnings from continuous operations surpassed the Zacks Consensus Estimate. Rise in net interest income and fee income were partly offset by a slight rise in operating expenses. Also, increase in net revenue across all segments and improved asset position were the other positives. After analyzing the results, we are maintaining our Neutral recommendation on the stock.”
Morgan Stanley (NYSE:MS) traded up 0.49% on Monday, hitting $30.91. The stock had a trading volume of 5,785,788 shares. Morgan Stanley has a 52-week low of $20.53 and a 52-week high of $33.52. The stock has a 50-day moving average of $30.9 and a 200-day moving average of $30.31. The company has a market cap of $60.945 billion and a price-to-earnings ratio of 18.99. Morgan Stanley also was the target of unusually large options trading activity on Friday. Stock investors purchased 13,582 put options on the stock. This is an increase of approximately 103% compared to the typical daily volume of 6,702 put options.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. The company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.52 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Morgan Stanley will post $2.43 EPS for the current fiscal year.
MS has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Morgan Stanley from $28.00 to $33.00 in a research note on Monday. Separately, analysts at Nomura upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $36.00 price target on the stock, up previously from $33.00. Finally, analysts at Goldman Sachs upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 15th. They now have a $35.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. Morgan Stanley has an average rating of “Hold” and an average price target of $32.29.
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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