Morgan Stanley (NYSE: MS) saw its price target raised by stock analysts at Credit Suisse Group from $ 108.00 to $ 112.00 in a research note released Friday, Benzinga reports. The brokerage currently has an âoutperformâ rating on the shares of the financial services provider. Credit Suisse Group’s price target would suggest a potential rise of 10.88% from the company’s current price.
Other analysts have also recently published reports on the stock. Berenberg Bank set a price target of $ 95.00 on Morgan Stanley shares and assigned the stock a âholdâ rating in a research report released on Tuesday, September 28. They noted that the move was an appraisal call. Evercore ISI reaffirmed a “buy” note and set a target price of $ 103.00 for Morgan Stanley shares in a research note on Friday, July 2. BMO Capital Markets raised its target price for Morgan Stanley shares from $ 97.00 to $ 103.00 and assigned the company an “outperforming” rating in a research note on Friday, July 16. Argus increased its price target for Morgan Stanley shares from $ 93.00 to $ 105.00 and gave the stock a “buy” rating in a research note on Friday, July 16. Finally, Piper Sandler raised her target price for Morgan Stanley shares from $ 103.00 to $ 110.00 and gave the stock a “neutral” rating in a research note on Friday. Twelve investment analysts rated the stock with a conservation rating and eleven issued a buy rating for the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $ 98.40.
Morgan Stanley shares opened at $ 101.01 on Friday. The company’s fifty-day simple moving average is $ 101.86 and its two-hundred-day simple moving average is $ 92.58. The company has a market cap of $ 184.30 billion, a P / E ratio of 13.45, a PEG ratio of 2.20 and a beta of 1.56. The company has a current ratio of 0.74, a quick ratio of 0.74, and a debt ratio of 2.23. Morgan Stanley has a 12-month low of $ 46.55 and a 12-month high of $ 105.95.
Morgan Stanley (NYSE: MS) last released its results on Thursday, October 14. The financial services provider reported earnings per share of $ 1.98 for the quarter, beating the Zacks’ consensus estimate of $ 1.68 by $ 0.30. The company posted revenue of $ 14.75 billion for the quarter, compared to a consensus estimate of $ 13.95 billion. Morgan Stanley had a net margin of 23.89% and a return on equity of 14.86%. The company’s revenue increased 26.6% compared to the same quarter last year. During the same period of the previous year, the company earned $ 1.59 per share. Analysts predict Morgan Stanley will post 7.46 EPS for the current fiscal year.
Morgan Stanley said its board of directors approved a share buyback program on Monday, June 28 that allows the company to repurchase $ 12.00 billion in shares. This buyback authorization allows the financial services provider to buy back up to 7.2% of its shares through open market purchases. Share buyback programs are usually a sign that company management believes its shares are undervalued.
In other Morgan Stanley news, CFO Sharon Yeshaya sold 2,500 Morgan Stanley shares in a trade on Wednesday, July 21. The shares were sold at an average price of $ 95.64, for a total trade of $ 239,100.00. Following the completion of the transaction, the CFO now directly owns 24,895 shares of the company, valued at $ 2,380,957.80. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this link. 0.23% of the shares are held by insiders.
Large investors have recently increased or reduced their stakes in the company. Founders Capital Management increased its stake in Morgan Stanley shares by 11.1% in the third quarter. Founders Capital Management now owns 1,060 shares of the financial services provider valued at $ 103,000 after acquiring 106 additional shares in the last quarter. Northeast Financial Consultants Inc increased its holdings of Morgan Stanley shares by 1.1% in the second quarter. Northeast Financial Consultants Inc now owns 10,335 shares of the financial services provider valued at $ 948,000 after acquiring 114 additional shares in the last quarter. Alpha Cubed Investments LLC increased its stake in Morgan Stanley shares by 2.4% in the second quarter. Alpha Cubed Investments LLC now owns 5,000 shares of the financial services provider valued at $ 458,000 after acquiring 115 additional shares in the last quarter. Clarius Group LLC increased its stake in Morgan Stanley shares by 0.6% in the second quarter. Clarius Group LLC now owns 19,877 shares of the financial services provider valued at $ 1,823,000 after acquiring an additional 120 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its stake in Morgan Stanley shares by 1.1% in the second quarter. WASHINGTON TRUST Co now owns 11,038 shares of the financial services provider valued at $ 1,012,000 after acquiring 121 additional shares in the last quarter. Institutional investors and hedge funds hold 84.72% of the company’s shares.
Morgan Stanley Company Profile
Morgan Stanley operates as a global financial services company. The company provides investment banking products and services to its clients, including businesses, governments, financial institutions and individuals. It operates through the following segments: Institutional Securities, Wealth Management and Investment Management.
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