Morgan Stanley (NYSE:MS) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports. The firm presently has a $52.00 price target on the financial services provider’s stock, up from their prior price target of $48.00. Citigroup‘s target price would indicate a potential upside of 15.89% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets cut their price objective on shares of Pentair to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. Oppenheimer set a $15.00 price objective on shares of Strongbridge Biopharma and gave the company a “buy” rating in a research report on Tuesday, March 26th. HSBC reaffirmed a “hold” rating on shares of Societe Generale in a research report on Thursday, April 4th. Finally, Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on shares of London Stock Exchange Group and gave the company a “buy” rating in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Morgan Stanley presently has a consensus rating of “Hold” and an average price target of $56.27.
Shares of MS stock opened at $44.87 on Friday. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $51.53. The firm has a market cap of $75.48 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.31. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.60. The company has a fifty day moving average price of $43.09.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.16. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The company had revenue of $10.29 billion during the quarter, compared to analyst estimates of $9.96 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The firm’s revenue was down 7.1% on a year-over-year basis. Sell-side analysts predict that Morgan Stanley will post 4.67 earnings per share for the current year.
In other Morgan Stanley news, insider Daniel A. Simkowitz purchased 7,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of $47.57 per share, with a total value of $332,990.00. Following the transaction, the insider now directly owns 193,089 shares of the company’s stock, valued at approximately $9,185,243.73. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.
Large investors have recently modified their holdings of the business. Comerica Securities Inc. raised its position in shares of Morgan Stanley by 308.5% during the 4th quarter. Comerica Securities Inc. now owns 84,676 shares of the financial services provider’s stock worth $3,357,000 after acquiring an additional 63,950 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Morgan Stanley by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,786,637 shares of the financial services provider’s stock worth $467,344,000 after acquiring an additional 154,165 shares in the last quarter. Kinneret Advisory LLC acquired a new stake in shares of Morgan Stanley during the 4th quarter worth about $243,000. Captrust Financial Advisors raised its position in shares of Morgan Stanley by 15.5% during the 4th quarter. Captrust Financial Advisors now owns 5,866 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 787 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Morgan Stanley by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock worth $671,686,000 after acquiring an additional 956,583 shares in the last quarter. 83.85% of the stock is currently owned by hedge funds and other institutional investors.
About Morgan Stanley
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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