Morgan Stanley (MS) Rating Increased to Buy at Citigroup

Morgan Stanley (NYSE:MS) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a $48.00 price target on the financial services provider’s stock, down from their previous price target of $50.00. Citigroup‘s price objective would suggest a potential upside of 16.79% from the stock’s current price.

A number of other brokerages have also recently issued reports on MS. Keefe, Bruyette & Woods cut Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 target price on the stock. in a report on Tuesday, December 11th. Credit Suisse Group cut their price objective on Morgan Stanley from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Wells Fargo & Co upgraded Morgan Stanley to a “buy ms” rating in a report on Thursday, December 20th. Wolfe Research began coverage on Morgan Stanley in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research cut Morgan Stanley from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $56.06.

Morgan Stanley stock opened at $41.10 on Wednesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $59.38. The firm has a market cap of $71.80 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.69 and a beta of 1.24.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.16. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The firm had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.55 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Morgan Stanley will post 4.87 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of MS. Girard Partners LTD. acquired a new position in shares of Morgan Stanley during the 3rd quarter worth approximately $115,000. Harvest Fund Management Co. Ltd increased its position in shares of Morgan Stanley by 108.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 1,467 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Morgan Stanley during the 3rd quarter worth approximately $157,000. Focused Wealth Management Inc acquired a new position in shares of Morgan Stanley during the 2nd quarter worth approximately $167,000. Finally, Cerebellum GP LLC acquired a new position in shares of Morgan Stanley during the 3rd quarter worth approximately $168,000. 85.06% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Company Profile

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 Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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