Pritchard Capital upgraded shares of Morgan Stanley (NYSE:MS) to a buy rating in a research report released on Thursday morning, The Fly reports. The brokerage currently has $48.00 target price on the financial services provider’s stock.
Other research analysts have also issued reports about the company. TheStreet raised Morgan Stanley from a c+ rating to a b- rating in a report on Wednesday, September 18th. Citigroup raised Morgan Stanley from a neutral rating to a buy rating and upped their price objective for the company from $48.00 to $52.00 in a report on Friday, July 12th. Sandler O’Neill raised Morgan Stanley from a hold rating to a buy rating and set a $48.00 price objective on the stock in a report on Thursday. Oppenheimer set a $65.00 price objective on Morgan Stanley and gave the company a buy rating in a report on Friday, July 19th. Finally, ValuEngine raised Morgan Stanley from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Morgan Stanley currently has an average rating of Buy and a consensus target price of $55.15.
NYSE MS traded up $0.32 on Thursday, reaching $42.25. The stock had a trading volume of 6,715,600 shares, compared to its average volume of 10,742,029. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a fifty day moving average of $42.10 and a two-hundred day moving average of $43.47. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $48.67. The company has a market cap of $67.85 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same period in the prior year, the firm posted $1.30 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Research analysts predict that Morgan Stanley will post 4.74 EPS for the current fiscal year.
In other news, major shareholder Ufj Financial Group Mitsubishi sold 49,000 shares of the stock in a transaction on Sunday, September 15th. The stock was sold at an average price of $1.01, for a total transaction of $49,490.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have bought 420,000 shares of company stock worth $426,300. 0.23% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MS. Massey Quick Simon & CO. LLC grew its holdings in shares of Morgan Stanley by 276.4% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 606 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 445 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in shares of Morgan Stanley during the 2nd quarter worth $35,000. Clean Yield Group acquired a new stake in shares of Morgan Stanley during the 2nd quarter worth $36,000. Allworth Financial LP lifted its position in shares of Morgan Stanley by 34.8% during the 3rd quarter. Allworth Financial LP now owns 1,182 shares of the financial services provider’s stock worth $50,000 after buying an additional 305 shares during the last quarter. Finally, Griffin Asset Management Inc. bought a new stake in shares of Morgan Stanley during the 2nd quarter worth $53,000. 83.66% of the stock is currently owned by 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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