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Morgan Stanley (NYSE:MS) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports.

Shares of Morgan Stanley (NYSE:MS) opened at 34.70 on Friday. Morgan Stanley has a 52-week low of $26.27 and a 52-week high of $34.99. The stock’s 50-day moving average is $32.88 and its 200-day moving average is $31.50. The company has a market cap of $68.128 billion and a price-to-earnings ratio of 16.26.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data 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.

In other Morgan Stanley news, CFO Paul C. Wirth sold 10,000 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $34.44, for a total transaction of $344,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note on Tuesday. They now have a $36.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Morgan Stanley has a consensus rating of “Hold” and an average target price of $34.63.

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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