Morgan Stanley Direct Lending (NYSE:MSDL) PT Raised to $21.00 at JPMorgan Chase & Co.

Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $20.50 to $21.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 0.43% from the stock’s previous close.

MSDL has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Morgan Stanley Direct Lending in a report on Monday, March 4th. Wells Fargo & Company initiated coverage on Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They set an “equal weight” rating and a $21.00 target price for the company. Raymond James assumed coverage on Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They issued an “outperform” rating and a $22.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They issued a “market perform” rating and a $21.00 target price on the stock. Finally, UBS Group initiated coverage on Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They issued a “buy” rating and a $23.50 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Morgan Stanley Direct Lending has a consensus rating of “Moderate Buy” and a consensus target price of $21.58.

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Morgan Stanley Direct Lending Stock Performance

Shares of NYSE:MSDL opened at $21.09 on Friday. The company has a market capitalization of $1.87 billion and a price-to-earnings ratio of 6.74. Morgan Stanley Direct Lending has a 12-month low of $19.05 and a 12-month high of $22.97. The stock has a fifty day moving average of $21.46.

Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) last released its quarterly earnings data on Friday, March 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $100.80 million for the quarter, compared to the consensus estimate of $97.34 million. As a group, analysts forecast that Morgan Stanley Direct Lending will post 2.45 earnings per share for the current fiscal year.

About Morgan Stanley Direct Lending

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Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.

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