Morgan Stanley PT Raised to $35.00 (MS)
Stock analysts at Barclays increased their target price on shares of Morgan Stanley (NYSE:MS) from $33.00 to $35.00 in a report issued on Tuesday. Barclays’ price objective would indicate a potential upside of 10.38% from the company’s current price.
A number of other analysts have also recently weighed in 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, ten have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.79.
Morgan Stanley (NYSE:MS) opened at 31.71 on Tuesday. Morgan Stanley has a 1-year low of $23.83 and a 1-year high of $33.52. The stock has a 50-day moving average of $30.71 and a 200-day moving average of $30.76. The company has a market cap of $62.510 billion and a P/E ratio of 19.50.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data 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 $2.45 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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