Morgan Stanley Receives “Hold” Rating from TheStreet (MS)
Morgan Stanley (NYSE: MS)‘s stock had its “hold” rating restated by analysts at TheStreet in a research report issued to clients and investors on Thursday.
The analysts wrote, “Morgan Stanley (MS) has been reiterated by TheStreet Ratings as a hold with a ratings score of C . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow.”
A number of other analysts have also recently weighed in on MS. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Morgan Stanley in a research note to investors on Tuesday. They now have a $23.00 price target on the stock. Separately, analysts at HSBC upgraded shares of Morgan Stanley from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, February 22nd. They now have a $25.00 price target on the stock. Finally, analysts at SunTrust upgraded shares of Morgan Stanley from a “reduce” rating to a “neutral” rating in a research note to investors on Wednesday, February 6th.
Ten research analysts have rated the stock with a buy rating, three have issued an overweight rating, fifteen have issued a hold rating, and one has given an underweight rating to the stock. Morgan Stanley presently has an average rating of “overweight” and an average price target of $24.85.
Shares of Morgan Stanley opened at 22.97 on Thursday. Morgan Stanley has a 52 week low of $12.26 and a 52 week high of $24.47. The stock’s 50-day moving average is currently $22.88. The company’s market cap is $45.050 billion.
Morgan Stanley last issued its quarterly earnings data on Friday, January 18th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.18. The company had revenue of $7.00 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter last year, the company posted ($0.14) earnings per share. Morgan Stanley’s revenue was up 22.7% compared to the same quarter last year. On average, analysts predict that Morgan Stanley will post $2.10 earnings per share for the current fiscal year.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
To view TheStreet’s full report, visit www.thestreetratings.com
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