Morgan Stanley (NYSE:MS) Price Target Raised to $108.00

Morgan Stanley (NYSE:MS) had its price objective increased by JPMorgan Chase & Co. from $104.00 to $108.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other analysts also recently commented on the stock. Barclays boosted their price objective on shares of Morgan Stanley from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Wells Fargo & Company raised Morgan Stanley from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $107.00 to $142.00 in a research note on Friday, November 15th. The Goldman Sachs Group raised their price objective on Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Hsbc Global Res downgraded Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group upped their target price on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Morgan Stanley has a consensus rating of “Hold” and a consensus price target of $126.07.

Morgan Stanley Trading Up 5.2 %

Shares of MS stock opened at $131.08 on Monday. The business’s fifty day moving average price is $128.74 and its 200 day moving average price is $113.02. The firm has a market capitalization of $211.17 billion, a PE ratio of 19.95, a P/E/G ratio of 1.18 and a beta of 1.36. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a 1-year low of $83.09 and a 1-year high of $136.24.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.57 by $0.31. The company had revenue of $15.38 billion for the quarter, compared to analyst estimates of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. As a group, sell-side analysts forecast that Morgan Stanley will post 7.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Morgan Stanley

A number of institutional investors have recently modified their holdings of the company. Peoples Bank KS purchased a new stake in Morgan Stanley in the 4th quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Morgan Stanley in the third quarter valued at $26,000. Rakuten Securities Inc. increased its stake in Morgan Stanley by 138.1% in the third quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Morgan Stanley during the third quarter worth about $36,000. Finally, Planning Capital Management Corp boosted its stake in Morgan Stanley by 115.1% in the 3rd quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock worth $37,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Company Profile

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.