Morgan Stanley Target of Unusually High Options Trading (MS)
Morgan Stanley (NYSE:MS) saw unusually large options trading on Monday. Stock investors bought 6,712 put options on the stock, American Banking News.com reports. This is an increase of 136% compared to the average volume of 2,840 put options.
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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. Morgan Stanley presently has an average rating of “Hold” and a consensus price target of $34.65.
Morgan Stanley (NYSE:MS) traded up 2.18% on Monday, hitting $34.20. 13,975,587 shares of the company’s stock traded hands. Morgan Stanley has a 52-week low of $25.25 and a 52-week high of $33.60. The stock’s 50-day moving average is $32.33 and its 200-day moving average is $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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.45 earnings per share. Morgan Stanley’s revenue was up 3.2% compared to the same quarter last year. 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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