Morgan Stanley’s (NYSE:MS) “Buy” Rating Reaffirmed at JPMorgan Chase

JPMorgan Chase reiterated their buy rating on shares of Morgan Stanley (NYSE:MS) in a research note issued to investors on Thursday, March 15th. They currently have a $60.00 target price on the financial services provider’s stock.

Other analysts have also issued reports about the stock. UBS raised shares of Morgan Stanley to an overweight rating in a research report on Wednesday, January 10th. Atlantic Securities raised shares of Morgan Stanley from a neutral rating to an overweight rating and set a $61.00 price target for the company in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a market perform rating to an outperform rating and set a $59.00 price objective on the stock in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Morgan Stanley from a hold rating to a buy rating and set a $59.00 price objective on the stock in a report on Monday, December 11th. Finally, Societe Generale set a $61.00 price objective on shares of Morgan Stanley and gave the company a neutral rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $54.69.

How to Become a New Pot Stock Millionaire

Shares of MS traded down $1.82 during trading hours on Thursday, reaching $53.04. 9,578,541 shares of the company traded hands, compared to its average volume of 9,195,910. The firm has a market capitalization of $98,300.68, a P/E ratio of 14.73, a P/E/G ratio of 0.94 and a beta of 1.54. Morgan Stanley has a 12-month low of $40.43 and a 12-month high of $59.38. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75.

Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.25 billion. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 earnings per share. analysts predict that Morgan Stanley will post 4.52 earnings per share for the current year.

In other news, insider Daniel A. Simkowitz sold 87,050 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was 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 SEC, which is available at the SEC website. Also, Chairman James P. Gorman sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $55.34, for a total value of $5,534,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 239,254 shares of company stock worth $13,085,019. Insiders own 0.35% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Morgan Stanley by 14.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 45,143 shares of the financial services provider’s stock valued at $2,369,000 after buying an additional 5,674 shares in the last quarter. Albion Financial Group UT lifted its position in shares of Morgan Stanley by 9.7% during the 4th quarter. Albion Financial Group UT now owns 30,786 shares of the financial services provider’s stock valued at $1,615,000 after buying an additional 2,720 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Morgan Stanley by 6.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 252,096 shares of the financial services provider’s stock valued at $13,227,000 after buying an additional 14,917 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Morgan Stanley by 14.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 312,633 shares of the financial services provider’s stock valued at $16,404,000 after buying an additional 39,696 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Morgan Stanley by 43.2% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 755,386 shares of the financial services provider’s stock valued at $39,635,000 after buying an additional 227,980 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/08/morgan-stanleys-ms-buy-rating-reaffirmed-at-jpmorgan-chase-co.html.

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

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