BMO Capital Markets Forecasts Strong Price Appreciation for Morgan Stanley (NYSE:MS) Stock

Morgan Stanley (NYSE:MSGet Free Report) had its price objective upped by investment analysts at BMO Capital Markets from $190.00 to $220.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 15.22% from the company’s current price.

Other research analysts have also issued reports about the stock. Argus boosted their price target on shares of Morgan Stanley from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their price objective on Morgan Stanley from $210.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America upped their target price on Morgan Stanley from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore boosted their price objective on Morgan Stanley from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Daiwa Securities Group dropped their target price on shares of Morgan Stanley from $187.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and an average target price of $201.33.

Read Our Latest Analysis on Morgan Stanley

Morgan Stanley Price Performance

MS stock opened at $190.94 on Monday. The firm has a 50 day moving average of $168.83 and a 200-day moving average of $170.85. The firm has a market capitalization of $301.95 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. Morgan Stanley has a 12 month low of $104.78 and a 12 month high of $194.59. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.39.

Morgan Stanley (NYSE:MSGet Free Report) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.41. Morgan Stanley had a net margin of 14.65% and a return on equity of 17.89%. The business had revenue of $20.58 billion for the quarter, compared to analyst estimates of $19.23 billion. During the same quarter in the prior year, the firm posted $2.60 EPS. Morgan Stanley’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts predict that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Insider Activity at Morgan Stanley

In related news, insider Andrew M. Saperstein sold 51,668 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $188.59, for a total value of $9,744,068.12. Following the sale, the insider directly owned 282,142 shares of the company’s stock, valued at $53,209,159.78. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel A. Simkowitz sold 14,690 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $189.24, for a total value of $2,779,935.60. Following the completion of the transaction, the insider owned 365,802 shares of the company’s stock, valued at approximately $69,224,370.48. This trade represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 195,549 shares of company stock valued at $36,260,510 over the last ninety days. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Morgan Stanley

Institutional investors and hedge funds have recently made changes to their positions in the business. Purpose Unlimited Inc. purchased a new stake in shares of Morgan Stanley in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in Morgan Stanley in the fourth quarter worth about $25,000. Olistico Wealth LLC purchased a new position in Morgan Stanley in the fourth quarter worth about $27,000. Lodestone Wealth Management LLC bought a new position in shares of Morgan Stanley in the fourth quarter worth approximately $28,000. Finally, WFA of San Diego LLC purchased a new stake in shares of Morgan Stanley during the second quarter valued at approximately $28,000. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley News Summary

Here are the key news stories impacting Morgan Stanley this week:

Morgan Stanley Company Profile

(Get Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

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