Morgan Stanley (NYSE: MS)‘s stock had its “sector perform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Tuesday. They currently have a $23.00 price target on the stock.
A number of other analysts have also recently weighed in on MS. Analysts at HSBC upgraded shares of Morgan Stanley from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, February 22nd. They now have a $25.00 price target on the stock. Separately, analysts at SunTrust upgraded shares of Morgan Stanley from a “reduce” rating to a “neutral” rating in a research note to investors on Wednesday, February 6th. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley in a research note to investors on Tuesday, February 5th.
Shares of Morgan Stanley traded up 1.11% during mid-day trading on Tuesday, hitting $22.85. Morgan Stanley has a one year low of $12.26 and a one year high of $24.47. The stock’s 50-day moving average is currently $22.72. The company’s market cap is $44.815 billion.
Morgan Stanley last posted its quarterly earnings results on Friday, January 18th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.18. The company had revenue of $7.00 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter last year, the company posted ($0.14) earnings per share. Morgan Stanley’s revenue was up 22.7% compared to the same quarter last year. Analysts expect that Morgan Stanley will post $2.10 EPS for the current fiscal year.
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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