JPMorgan Chase & Co. Analysts Give Morgan Stanley (MS) a $32.00 Price Target
Morgan Stanley (NYSE:MS) has been assigned a $32.00 price target by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. The firm currently has a a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 0.25% from the stock’s previous close.
Several other research firms have also weighed in on MS. Royal Bank Of Canada upped their price objective on shares of Morgan Stanley from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, July 21st. Buckingham Research reaffirmed a “buy” rating on shares of Morgan Stanley in a report on Tuesday, June 21st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Morgan Stanley in a report on Sunday, June 26th. Vetr raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $27.68 price objective for the company in a report on Monday, June 6th. Finally, Nomura reaffirmed a “buy” rating and set a $34.00 price objective on shares of Morgan Stanley in a report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Morgan Stanley currently has a consensus rating of “Hold” and an average target price of $31.97.
Shares of Morgan Stanley (NYSE:MS) opened at 31.92 on Thursday. The company has a market cap of $61.02 billion, a P/E ratio of 14.76 and a beta of 2.18. Morgan Stanley has a 52-week low of $21.16 and a 52-week high of $35.74. The stock has a 50 day moving average of $30.80 and a 200 day moving average of $27.47.
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Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.16. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.30 billion. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. On average, equities analysts anticipate that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 19,955 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $28.79, for a total value of $574,504.45. Following the completion of the sale, the insider now owns 123,710 shares in the company, valued at approximately $3,561,610.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul C. Wirth sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $30.20, for a total transaction of $604,000.00. Following the completion of the sale, the chief financial officer now owns 214,280 shares of the company’s stock, valued at approximately $6,471,256. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
A number of large investors have recently bought and sold shares of MS. State Street Corp boosted its stake in Morgan Stanley by 15.3% in the first quarter. State Street Corp now owns 158,338,614 shares of the financial services provider’s stock valued at $3,960,055,000 after buying an additional 20,974,063 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Morgan Stanley by 1.5% in the second quarter. Vanguard Group Inc. now owns 86,662,981 shares of the financial services provider’s stock valued at $2,251,503,000 after buying an additional 1,303,627 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Morgan Stanley during the second quarter valued at approximately $987,240,000. Franklin Resources Inc. boosted its stake in shares of Morgan Stanley by 37.0% in the first quarter. Franklin Resources Inc. now owns 27,280,507 shares of the financial services provider’s stock valued at $682,293,000 after buying an additional 7,374,633 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Morgan Stanley by 9.5% in the second quarter. FMR LLC now owns 25,261,255 shares of the financial services provider’s stock valued at $656,286,000 after buying an additional 2,191,933 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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