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Shares of Morgan Stanley (NYSE:MS) have been given an average rating of “Hold” by the twenty-two brokerages that are currently covering the company, American Banking reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $34.65.

Morgan Stanley (NYSE:MS) opened at 31.95 on Tuesday. Morgan Stanley has a 1-year low of $25.25 and a 1-year high of $33.60. The stock has a 50-day moving average of $32.27 and a 200-day moving average of $31.08. The company has a market cap of $62.729 billion and a P/E ratio of 14.75.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.33. The company had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.41 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 3.2% 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.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 29th.

A number of research firms have recently commented on MS. Analysts at Argus raised their price target on shares of Morgan Stanley from $35.00 to $42.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Morgan Stanley from $36.00 to $37.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Morgan Stanley in a research note on Friday, July 18th. They now have a $37.00 price target on the stock, up previously from $36.00.

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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