Morgan Stanley Target of Unusually Large Options Trading (MS)
Shares of Morgan Stanley (NYSE:MS) were the target of some unusual options trading on Friday. Investors purchased 8,269 put options on the stock, Stock Ratings Network.com reports. This represents an increase of 110% compared to the typical volume of 3,946 put options.
A number of research firms have recently commented on MS. Analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note on Friday, June 6th. They now have a $33.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Morgan Stanley in a research note on Thursday, April 24th. They now have a $33.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.20.
Shares of Morgan Stanley (NYSE:MS) traded down 0.44% during mid-day trading on Friday, hitting $31.59. 7,935,022 shares of the company’s stock traded hands. Morgan Stanley has a 52-week low of $23.83 and a 52-week high of $33.52. The stock’s 50-day moving average is $30.67 and its 200-day moving average is $30.76. The company has a market cap of $62.273 billion and a P/E ratio of 19.59.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.61 earnings per share. Morgan Stanley’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Morgan Stanley will post $2.46 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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