Royal Bank of Canada Reiterates Buy Rating for Morgan Stanley (MS)

Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating restated by investment analysts at Royal Bank of Canada in a report issued on Friday. They currently have a $60.00 target price on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 7.45% from the company’s current price.

MS has been the topic of a number of other reports. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday, December 11th. Societe Generale cut Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays boosted their price target on Morgan Stanley from $52.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Vining Sparks reissued a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a report on Monday, January 8th. Finally, Buckingham Research boosted their price target on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $53.74.

Shares of Morgan Stanley (NYSE:MS) traded up $0.49 during trading hours on Friday, hitting $55.84. The company had a trading volume of 13,953,600 shares, compared to its average volume of 8,951,875. The company has a market cap of $102,250.00, a P/E ratio of 18.07, a PEG ratio of 0.92 and a beta of 1.65. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a 52 week low of $40.06 and a 52 week high of $55.99.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. research analysts predict that Morgan Stanley will post 3.58 EPS for the current year.

In related news, Director Alistair Darling sold 3,850 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.29, for a total transaction of $189,766.50. Following the sale, the director now owns 14,218 shares in the company, valued at approximately $700,805.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the sale, the president now owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Insiders have sold a total of 68,850 shares of company stock worth $3,463,367 in the last 90 days. 0.35% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Beacon Capital Management bought a new position in shares of Morgan Stanley during the 4th quarter worth $0. Parkside Financial Bank & Trust grew its position in shares of Morgan Stanley by 9.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after buying an additional 190 shares in the last quarter. Invictus RG grew its position in shares of Morgan Stanley by 307.5% during the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,762 shares in the last quarter. V Wealth Management LLC bought a new position in shares of Morgan Stanley during the 2nd quarter worth $106,000. Finally, Rational Advisors LLC bought a new position in shares of Morgan Stanley during the 3rd quarter worth $116,000. Institutional investors own 85.49% of the company’s stock.

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Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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