Analysts Set Morgan Stanley (MS) Price Target at $54.31

Shares of Morgan Stanley (NYSE:MS) have earned an average rating of “Buy” from the twenty-six ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $54.31.

Several equities analysts have recently commented on the stock. UBS upgraded shares of Morgan Stanley to an “overweight” rating in a report on Wednesday, January 10th. Atlantic Securities upgraded shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a report on Wednesday, January 10th. Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. JPMorgan Chase restated a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a report on Thursday, March 15th. Finally, Societe Generale set a $61.00 price target on shares of Morgan Stanley and gave the company a “neutral” rating in a report on Monday, January 22nd.

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NYSE:MS traded down $0.14 during midday trading on Thursday, hitting $53.26. 13,113,087 shares of the stock were exchanged, compared to its average volume of 9,712,758. Morgan Stanley has a one year low of $40.43 and a one year high of $59.38. The stock has a market cap of $94,932.01, a price-to-earnings ratio of 14.75, a PEG ratio of 0.92 and a beta of 1.54. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.77 and a quick ratio of 0.77.

Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. Morgan Stanley had a return on equity of 10.07% and a net margin of 14.10%. The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. sell-side analysts expect that Morgan Stanley will post 4.53 EPS for the current year.

In other news, insider Daniel A. Simkowitz sold 87,050 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total transaction of $4,661,527.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jonathan Pruzan sold 52,204 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $55.35, for a total transaction of $2,889,491.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 239,254 shares of company stock valued at $13,085,019. Company insiders own 0.19% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Taylor Wealth Management Partners raised its position in Morgan Stanley by 1,353.0% in the fourth quarter. Taylor Wealth Management Partners now owns 7,265 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 6,765 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Morgan Stanley by 57.5% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 1,295,900 shares of the financial services provider’s stock worth $67,996,000 after purchasing an additional 473,242 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Morgan Stanley by 6.1% during the third quarter. Public Employees Retirement System of Ohio now owns 967,141 shares of the financial services provider’s stock worth $46,587,000 after buying an additional 55,942 shares during the last quarter. Advisor Partners LLC grew its stake in Morgan Stanley by 6.0% during the fourth quarter. Advisor Partners LLC now owns 32,812 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 1,858 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Morgan Stanley by 35.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 70,502 shares of the financial services provider’s stock worth $3,699,000 after buying an additional 18,459 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

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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 three segments: Institutional Securities, Wealth Management, and Investment Management.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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