Stock analysts at Susquehanna raised their target price on shares of Morgan Stanley (NYSE:MS) from $24.00 to $26.00 in a report issued on Friday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target points to a potential downside of 5.80% from the company’s current price.
A number of other firms have also recently commented on MS. Analysts at SunTrust raised their price target on shares of Morgan Stanley from $28.00 to $31.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Morgan Stanley from $23.00 to $26.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Morgan Stanley to $28.00 in a research note to investors on Thursday, July 11th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. Morgan Stanley currently has a consensus rating of “Hold” and an average target price of $25.24.
Shares of Morgan Stanley (NYSE: MS) traded up 0.14% during mid-day trading on Friday, hitting $27.64. Morgan Stanley has a one year low of $12.29 and a one year high of $27.95. The stock’s 50-day moving average is currently $25.65. The company has a market cap of $54.209 billion and a P/E ratio of 42.79.
Morgan Stanley (NYSE:MS) last released its earnings data on Thursday, July 18th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.07. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter last year, the company posted $0.29 earnings per share. Morgan Stanley’s revenue was up 22.5% compared to the same quarter last year. Analysts expect that Morgan Stanley will post $2.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Monday, July 29th.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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