Morgan Stanley Sees Unusually Large Options Volume (MS)
Shares of Morgan Stanley (NYSE:MS) were the recipient of unusually large options trading activity on Monday. Traders acquired 18,643 call options on the company, American Banking and Market News reports. This is an increase of 248% compared to the typical daily volume of 5,358 call options.
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 company. The company currently has a consensus rating of “Hold” and an average target price of $34.65.
Shares of Morgan Stanley (NYSE:MS) traded up 2.18% during mid-day trading on Monday, hitting $34.20. 13,899,412 shares of the company’s stock traded hands. Morgan Stanley has a one year low of $25.25 and a one year high of $33.60. 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 $67.147 billion and a P/E ratio of 15.74.
Morgan Stanley (NYSE:MS) last announced its earnings results 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.
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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