The stock of Morgan Stanley (NYSE:MS) hit a new 52-week high and has $50.40 target or 32.00% above today’s $38.18 share price. The 5 months bullish chart indicates low risk for the $76.58B company. The 1-year high was reported on Nov, 10 by Barchart.com. If the $50.40 price target is reached, the company will be worth $24.51B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.06 million shares traded hands. Morgan Stanley (NYSE:MS) has risen 53.77% since April 8, 2016 and is uptrending. It has outperformed by 48.12% the S&P500.
Morgan Stanley (NYSE:MS) Ratings Coverage
Out of 20 analysts covering Morgan Stanley (NYSE:MS), 11 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 55% are positive. $82 is the highest target while $1 is the lowest. The $31.33 average target is -17.94% below today’s ($38.18) stock price. Morgan Stanley has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Morgan Stanley (NYSE:MS) earned “Buy” rating by Buckingham Research on Tuesday, August 25. Macquarie Research maintained it with “Neutral” rating and $35 target price in Tuesday, October 20 report. The stock of Morgan Stanley (NYSE:MS) earned “Hold” rating by Sandler O’Neill on Thursday, October 6. Argus Research maintained it with “Buy” rating and $35.0 target price in Tuesday, January 19 report. The stock has “Outperform” rating given by JMP Securities on Thursday, October 8. Argus Research maintained it with “Buy” rating and $36 target price in Wednesday, August 17 report. The stock of Morgan Stanley (NYSE:MS) earned “Buy” rating by S&P Research on Tuesday, October 20. The stock has “Buy” rating given by Evercore on Monday, August 31. The stock has “Buy” rating given by UBS on Tuesday, December 1. Credit Suisse maintained Morgan Stanley (NYSE:MS) on Wednesday, March 30 with “Neutral” rating.
According to Zacks Investment Research, “MORGAN STANLEY is a preeminent global financial services firm that maintains leading market positions in each of its three primary businesses: securities; asset management; and credit services. The company combines global strength in investment banking and institutional sales and trading with strength in providing full-service and on-line brokerage services, investment and global asset management services and, primarily through its Discover Card brand, quality consumer credit products.”
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.25, from 1.1 in 2016Q1. The ratio worsened, as 82 funds sold all Morgan Stanley shares owned while 263 reduced positions. 56 funds bought stakes while 236 increased positions. They now own 1.59 billion shares or 3.33% more from 1.54 billion shares in 2016Q1.
Diamond Hill Cap Mgmt Inc accumulated 1.99% or 12.15 million shares. Gibraltar has 153,739 shares for 4.91% of their US portfolio. Ally Financial Inc holds 0.87% or 200,000 shares in its portfolio. Capital Guardian has 0% invested in the company for 743 shares. Rosenblum Silverman Sutton S F Ca accumulated 23,582 shares or 0.29% of the stock. Adirondack Research Management Inc reported 14,500 shares or 0.14% of all its holdings. Blair William Co Il, a Illinois-based fund reported 65,068 shares. The United Kingdom-based Wellcome (The) As Trustee Of The Wellcome has invested 4.99% in Morgan Stanley (NYSE:MS). Banque Pictet & Cie Sa holds 0.03% of its portfolio in Morgan Stanley (NYSE:MS) for 39,300 shares. Umb Comml Bank N A Mo has 0.17% invested in the company for 158,535 shares. The New Jersey-based Hudson Canyon Counselors Ltd Company has invested 1.24% in Morgan Stanley (NYSE:MS). Utah Retirement accumulated 261,320 shares or 0.18% of the stock. Mrj Capital Incorporated last reported 55,068 shares in the company. Natixis reported 2.08 million shares or 1% of all its holdings. Tokio Marine Asset Mngmt Ltd has 0.12% invested in the company for 45,038 shares.
Insider Transactions: Since June 29, 2016, the stock had 2 insider buys, and 0 insider sales for $4.00 million net activity. Trombetta Giandomenico bought $2.00M worth of Morgan Stanley (NYSE:MS) on Wednesday, June 29. $2.00 million worth of Morgan Stanley (NYSE:MS) shares were bought by BP4 S.r.l..
More notable recent Morgan Stanley (NYSE:MS) news were published by: Cnbc.com which released: “Morgan Stanley tells clients to be ‘skeptical’ about buying the Trump dip” on November 09, 2016, also Businessinsider.com with their article: “Morgan Stanley loves Ferrari” published on November 09, 2016, Reuters.com published: “Senior Morgan Stanley banker Donald Moore to retire: memo” on November 08, 2016. More interesting news about Morgan Stanley (NYSE:MS) were released by: Wsj.com and their article: “Morgan Stanley Sets Off a Fight Over the Cost of Your Retirement Account” published on October 26, 2016 as well as Nytimes.com‘s news article titled: “Morgan Stanley Could Benefit From Some Fed Decisions” with publication date: October 19, 2016.
MS Company Profile
Morgan Stanley, incorporated on October 1, 1981, is a financial holding company. The Firm is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for governments, institutions and individuals. The Company’s divisions include Institutional Securities, Wealth Management and Investment Management. Through its subsidiaries and affiliates, the Company provides a range of services and products to a group of clients and customers, including firms, governments, financial institutions and individuals.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.