Morgan Stanley (MS) Upgraded at Citigroup

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Citigroup upgraded shares of Morgan Stanley (NYSE:MS) from a neutral rating to a buy rating in a report published on Wednesday morning, Marketbeat reports. They currently have $48.00 price objective on the financial services provider’s stock, down from their previous price objective of $50.00.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods cut shares of Morgan Stanley from an outperform rating to a hold rating and set a $45.00 price objective for the company. in a research note on Tuesday, December 11th. Credit Suisse Group cut their price objective on shares of Morgan Stanley from $62.00 to $58.00 and set an outperform rating for the company in a research note on Friday, December 7th. Wells Fargo & Co raised shares of Morgan Stanley to a buy ms rating in a research note on Thursday, December 20th. Wolfe Research began coverage on shares of Morgan Stanley in a research note on Tuesday, September 25th. They issued an outperform rating for the company. Finally, Zacks Investment Research lowered shares of Morgan Stanley from a hold rating to a sell rating in a report on Friday, September 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $56.06.

Shares of Morgan Stanley stock traded up $0.08 during trading on Wednesday, reaching $41.74. The company’s stock had a trading volume of 8,181,969 shares, compared to its average volume of 10,779,401. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $59.38. The stock has a market capitalization of $71.80 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 0.69 and a beta of 1.24. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The company had revenue of $9.87 billion during the quarter, compared to analysts’ expectations of $9.55 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Morgan Stanley will post 4.87 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in Morgan Stanley by 4.4% during the 2nd quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after purchasing an additional 1,936,093 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in shares of Morgan Stanley by 11.2% during the 3rd quarter. ValueAct Holdings L.P. now owns 20,810,470 shares of the financial services provider’s stock valued at $969,144,000 after acquiring an additional 2,100,850 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Morgan Stanley by 2.6% during the 3rd quarter. LSV Asset Management now owns 6,553,253 shares of the financial services provider’s stock valued at $305,184,000 after acquiring an additional 164,416 shares during the last quarter. Man Group plc boosted its holdings in shares of Morgan Stanley by 10.1% during the 3rd quarter. Man Group plc now owns 6,132,606 shares of the financial services provider’s stock valued at $285,596,000 after acquiring an additional 562,050 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Morgan Stanley by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 5,828,899 shares of the financial services provider’s stock worth $271,474,000 after purchasing an additional 90,065 shares during the period. 85.06% of the stock is currently owned by hedge funds and other institutional investors.

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. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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