Morgan Stanley (MS) Price Target Raised to $62.00

Morgan Stanley (NYSE:MS) had its price target upped by stock analysts at Barclays from $52.00 to $62.00 in a research note issued to investors on Tuesday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays’ price objective points to a potential upside of 18.16% from the company’s previous close.

MS has been the topic of several other reports. Credit Suisse Group raised Morgan Stanley from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $49.00 to $54.00 in a report on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 target price on shares of Morgan Stanley in a report on Friday, December 22nd. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Friday, October 20th. Wells Fargo & Co set a $55.00 target price on Morgan Stanley and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, Buckingham Research raised their target price 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 assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $52.16.

Shares of Morgan Stanley (NYSE:MS) traded down $0.18 during trading hours on Tuesday, hitting $52.47. The stock had a trading volume of 5,803,400 shares, compared to its average volume of 9,272,547. Morgan Stanley has a 1 year low of $40.06 and a 1 year high of $54.25. The stock has a market capitalization of $94,860.47, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.65. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period last year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts expect that Morgan Stanley will post 3.58 EPS for the current fiscal year.

In other news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the sale, the president now directly owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares in the company, valued at $700,805.22. The disclosure for this sale can be found here. Insiders sold 85,247 shares of company stock worth $4,284,364 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Several large investors have recently modified their holdings of the company. Invictus RG lifted its position in Morgan Stanley by 307.5% during the third 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. Rational Advisors LLC purchased a new position in Morgan Stanley during the third quarter worth approximately $116,000. Omnia Family Wealth LLC lifted its position in Morgan Stanley by 5.8% during the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after buying an additional 134 shares in the last quarter. Zions Bancorporation lifted its position in Morgan Stanley by 176.1% during the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,571 shares in the last quarter. Finally, BB&T Investment Services Inc. lifted its position in Morgan Stanley by 163.1% during the third quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,646 shares in the last quarter. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

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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)