Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reissued by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Monday. They currently have a $62.00 price target on the financial services provider’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 29.54% from the company’s current price.

Other research analysts have also issued research reports about the company. Societe Generale reissued a “$49.85” rating and set a $56.00 price target on shares of Morgan Stanley in a research note on Thursday, July 19th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, July 24th. Cfra reissued a “buy” rating and set a $65.00 price target on shares of Morgan Stanley in a research note on Thursday, June 21st. ValuEngine raised Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, Sandler O’Neill reissued a “hold” rating and set a $51.00 price target on shares of Morgan Stanley in a research note on Friday, July 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Morgan Stanley has a consensus rating of “Hold” and an average target price of $57.15.

Shares of NYSE:MS opened at $47.86 on Monday. The firm has a market cap of $84.13 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 0.85 and a beta of 1.42. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.83 and a current ratio of 0.83. Morgan Stanley has a one year low of $45.34 and a one year high of $59.38.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.19. The firm had revenue of $10.61 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. Morgan Stanley’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. equities research analysts forecast that Morgan Stanley will post 4.87 earnings per share for the current year.

Morgan Stanley declared that its Board of Directors has authorized a stock repurchase program on Thursday, June 28th that permits the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 5.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the stock. HM Payson & Co. raised its position in shares of Morgan Stanley by 14.5% in the 1st quarter. HM Payson & Co. now owns 7,479 shares of the financial services provider’s stock worth $403,000 after buying an additional 947 shares during the period. D.A. Davidson & CO. raised its position in shares of Morgan Stanley by 8.1% in the 1st quarter. D.A. Davidson & CO. now owns 13,182 shares of the financial services provider’s stock worth $711,000 after buying an additional 983 shares during the period. Hennessy Advisors Inc. raised its position in shares of Morgan Stanley by 2.3% in the 2nd quarter. Hennessy Advisors Inc. now owns 45,000 shares of the financial services provider’s stock worth $2,133,000 after buying an additional 1,000 shares during the period. Baxter Bros Inc. raised its position in shares of Morgan Stanley by 2.6% in the 2nd quarter. Baxter Bros Inc. now owns 44,210 shares of the financial services provider’s stock worth $2,096,000 after buying an additional 1,100 shares during the period. Finally, Tiedemann Advisors LLC raised its position in shares of Morgan Stanley by 8.7% in the 2nd quarter. Tiedemann Advisors LLC now owns 14,198 shares of the financial services provider’s stock worth $674,000 after buying an additional 1,135 shares during the period. 84.43% 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. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.

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