Evercore ISI Issues Positive Forecast for Morgan Stanley (NYSE:MS) Stock Price

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

MS has been the subject of several other reports. Barclays boosted their target price on Morgan Stanley from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Bank of America boosted their price objective on Morgan Stanley from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. UBS Group raised their target price 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. boosted their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Citigroup raised their price objective on shares of Morgan Stanley from $105.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and a consensus price target of $129.40.

Morgan Stanley Stock Up 1.5 %

Shares of NYSE:MS opened at $137.78 on Friday. The firm has a market capitalization of $221.97 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. Morgan Stanley has a 1 year low of $83.09 and a 1 year high of $138.08. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50-day moving average is $129.05 and its two-hundred day moving average is $113.58.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, topping 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 firm had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. Analysts predict that Morgan Stanley will post 7.39 EPS for the current year.

Institutional Trading of Morgan Stanley

Several institutional investors and hedge funds have recently bought and sold shares of MS. Peoples Bank KS purchased a new position in Morgan Stanley during the 4th quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Morgan Stanley during the third quarter worth about $26,000. Rakuten Securities Inc. increased its position 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 acquiring an additional 174 shares during the period. Capital Performance Advisors LLP purchased a new stake in Morgan Stanley during the 3rd quarter valued at approximately $36,000. Finally, Planning Capital Management Corp lifted its position in Morgan Stanley by 115.1% during the 3rd quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 191 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

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.