Bank of America Boosts Morgan Stanley (NYSE:MS) Price Target to $153.00

by · The Markets Daily

Morgan Stanley (NYSE:MS – Get Free Report) had its price target lifted by Bank of America from $146.00 to $153.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Bank of America‘s target price would suggest a potential upside of 11.44% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Barclays increased their price target on Morgan Stanley from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Hsbc Global Res downgraded shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price objective on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 17th. Finally, UBS Group boosted their target price on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Morgan Stanley presently has an average rating of “Hold” and an average price target of $129.33.

Check Out Our Latest Research Report on Morgan Stanley

Morgan Stanley Stock Performance

Shares of NYSE:MS traded up $1.48 on Friday, hitting $137.29. The company’s stock had a trading volume of 5,106,768 shares, compared to its average volume of 7,493,554. The company has a market capitalization of $221.19 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a 12 month low of $83.09 and a 12 month high of $137.35. The stock’s 50-day moving average is $128.74 and its two-hundred day moving average is $113.15.

Morgan Stanley (NYSE:MS – Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.31. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. The business had revenue of $15.38 billion during the quarter, compared to analysts’ expectations of $14.27 billion. On average, equities research analysts forecast that Morgan Stanley will post 7.39 EPS for the current year.

Hedge Funds Weigh In On Morgan Stanley

Several large investors have recently made changes to their positions in the business. Perfromance Wealth Partners LLC increased its position in Morgan Stanley by 2.7% in the 4th quarter. Perfromance Wealth Partners LLC now owns 3,004 shares of the financial services provider’s stock worth $378,000 after buying an additional 78 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Morgan Stanley by 3.3% in the fourth quarter. Sivia Capital Partners LLC now owns 2,748 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 87 shares during the last quarter. Cardinal Point Capital Management ULC increased its position in Morgan Stanley by 3.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 2,697 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 90 shares during the period. Mason & Associates Inc raised its stake in Morgan Stanley by 2.9% during the 4th quarter. Mason & Associates Inc now owns 3,177 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 90 shares during the last quarter. Finally, Bank of New Hampshire lifted its stake in shares of Morgan Stanley by 1.5% in the fourth quarter. Bank of New Hampshire now owns 6,313 shares of the financial services provider’s stock valued at $794,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Company Profile

(Get Free Report)

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.

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