Morgan Stanley Receives Consensus Recommendation of “Hold” from Analysts (NYSE:MS)
Morgan Stanley (NYSE:MS) has been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are covering the stock, AnalystRatings.NET reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.94.
Morgan Stanley (NYSE:MS) opened at 32.3977 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 $30.97 and a 200-day moving average of $30.81. The company has a market cap of $63.865 billion and a P/E ratio of 20.07.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data 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. On average, analysts predict that Morgan Stanley will post $2.41 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Morgan Stanley in a research note on Tuesday, June 17th. They set a $35.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Morgan Stanley from $33.00 to $35.00 in a research note on Tuesday, June 17th. They now have an “equal weight” rating on the stock. Finally, 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.
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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