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Morgan Stanley (NYSE:MS) shares reached a new 52-week high on Monday , AnalystRatingsNetwork reports. The company traded as high as $34.57 and last traded at $34.32, with a volume of 7,063,754 shares traded. The stock had previously closed at $33.47.

MS has been the subject of a number of recent research reports. 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Morgan Stanley currently has a consensus rating of “Hold” and a consensus target price of $34.65.

The stock has a 50-day moving average of $32.33 and a 200-day moving average of $31.22. The company has a market cap of $67.645 billion and a price-to-earnings ratio of 15.74.

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. Analysts expect that Morgan Stanley will post $2.41 EPS 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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