Morgan Stanley (MS) Receives $56.54 Average Price Target from Analysts

Morgan Stanley (NYSE:MS) has earned an average recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $56.54.

A number of analysts recently weighed in on MS shares. UBS Group raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. Oppenheimer upgraded shares of Morgan Stanley to an “outperform” rating and set a $62.00 target price on the stock in a research note on Tuesday, October 16th. Vining Sparks restated a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research note on Tuesday, October 16th. Wells Fargo & Co upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $56.00 to $60.00 in a research note on Wednesday, October 24th. Finally, Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, November 20th.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the firm’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $43.38, for a total value of $675,209.70. Following the completion of the sale, the insider now directly owns 112,420 shares in the company, valued at $4,876,779.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.



Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Morgan Stanley by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 12,572,416 shares of the financial services provider’s stock worth $498,496,000 after buying an additional 1,070,385 shares during the last quarter. Tredje AP fonden raised its holdings in shares of Morgan Stanley by 4.0% during the fourth quarter. Tredje AP fonden now owns 98,440 shares of the financial services provider’s stock worth $3,903,000 after purchasing an additional 3,786 shares during the last quarter. Bank Hapoalim BM purchased a new position in shares of Morgan Stanley during the fourth quarter worth $1,045,000. Garrison Point Advisors LLC purchased a new position in shares of Morgan Stanley during the fourth quarter worth $229,000. Finally, Private Advisor Group LLC raised its holdings in shares of Morgan Stanley by 48.3% during the fourth quarter. Private Advisor Group LLC now owns 50,905 shares of the financial services provider’s stock worth $2,019,000 after purchasing an additional 16,583 shares during the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE MS traded down $0.41 during mid-day trading on Wednesday, hitting $40.40. 8,418,680 shares of the company’s stock traded hands, compared to its average volume of 14,860,038. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $70.20 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 0.71 and a beta of 1.20. Morgan Stanley has a 1 year low of $36.74 and a 1 year high of $59.38.

Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, January 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.17). The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $9.32 billion. Morgan Stanley had a net margin of 17.43% and a return on equity of 12.08%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, equities analysts predict that Morgan Stanley will post 4.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $1.20 annualized dividend and a yield of 2.97%. Morgan Stanley’s dividend payout ratio (DPR) is 26.03%.

Morgan Stanley Company Profile

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 Institutional Securities, Wealth Management, and Investment Management segments.

Further Reading: How to find the components of the quick ratio

Analyst Recommendations for Morgan Stanley (NYSE:MS)

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply