Morgan Stanley (NYSE:MS) Stock Price Expected to Rise, Evercore ISI Analyst Says

Morgan Stanley (NYSE:MS) had its price objective raised by research analysts at Evercore ISI from $140.00 to $150.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price suggests a potential upside of 8.87% from the company’s current price.

Other analysts have also issued reports about the company. HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and raised their price objective for the company from $128.00 to $131.00 in a report on Tuesday, November 26th. Wells Fargo & Company raised shares of 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 report on Friday, November 15th. UBS Group increased their price objective on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, Hsbc Global Res cut Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley currently has a consensus rating of “Hold” and an average target price of $129.40.

Morgan Stanley Stock Performance

MS opened at $137.78 on Friday. The firm has a fifty day moving average price of $129.05 and a 200 day moving average price of $113.58. Morgan Stanley has a 1 year low of $83.09 and a 1 year high of $138.08. The stock has a market cap of $221.97 billion, a P/E ratio of 20.97, a P/E/G ratio of 0.97 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 (NYSE:MS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $14.27 billion. Equities research analysts anticipate that Morgan Stanley will post 7.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MS. Peoples Bank KS acquired a new stake in Morgan Stanley during the fourth quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Morgan Stanley during the 3rd quarter worth about $26,000. Rakuten Securities Inc. raised its holdings in Morgan Stanley by 138.1% in the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after buying an additional 174 shares during the period. Capital Performance Advisors LLP acquired a new position in Morgan Stanley in the third quarter valued at about $36,000. Finally, Planning Capital Management Corp boosted its stake in Morgan Stanley by 115.1% during the third 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 period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

About Morgan Stanley

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.