The stock of Morgan Stanley (NYSE:MS) hit a new 52-week high and has $56.04 target or 39.00% above today’s $40.32 share price. The 7 months bullish chart indicates low risk for the $77.02 billion company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $56.04 price target is reached, the company will be worth $30.04B 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 2.83M shares traded hands. Morgan Stanley (NYSE:MS) has risen 55.34% since April 18, 2016 and is uptrending. It has outperformed by 50.91% 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 -22.30% below today’s ($40.32) stock price. Morgan Stanley has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Macquarie Research maintained it with “Neutral” rating and $35 target price in Tuesday, October 20 report. The rating was initiated by Credit Suisse with “Neutral” on Tuesday, September 15. The stock of Morgan Stanley (NYSE:MS) has “Outperform” rating given on Thursday, January 21 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 21 report. maintained Morgan Stanley (NYSE:MS) rating on Monday, October 10. has “Neutral” rating and $32 price target. The stock of Morgan Stanley (NYSE:MS) has “Market Perform” rating given on Tuesday, April 19 by Wood. The firm earned “Buy” rating on Tuesday, August 25 by Buckingham Research. The firm earned “Neutral” rating on Thursday, July 30 by Guggenheim. The stock has “Equalweight” rating given by Barclays Capital on Wednesday, April 6. The stock of Morgan Stanley (NYSE:MS) has “Overweight” rating given on Tuesday, February 16 by JP Morgan.
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 increased to 0.94 in 2016 Q2. Its up 0.09, from 0.85 in 2016Q1. The ratio increased, 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.
First Niagara Comml Bank owns 13,888 shares or 0.1% of their US portfolio. Moreover, Morgan Stanley has 0.01% invested in Morgan Stanley (NYSE:MS) for 605,494 shares. Allianz Asset Mgmt Ag reported 1.73M shares or 0.02% of all its holdings. Plante Moran Limited Liability Corp, a Michigan-based fund reported 1,062 shares. Wealth Enhancement Advisory Services Llc holds 0.22% of its portfolio in Morgan Stanley (NYSE:MS) for 47,514 shares. Ontario Teachers Pension Plan Board accumulated 0.08% or 259,491 shares. Cullen Cap Mngmt Limited Liability Com accumulated 0.01% or 15,200 shares. Mark Sheptoff Fin Planning Llc has 0.01% invested in the company for 309 shares. Cornerstone Capital Management Holding Ltd Liability Corp accumulated 0.08% or 380,458 shares. Community Retail Bank Na, a New York-based fund reported 3,050 shares. The New York-based Goldman Sachs Group Incorporated has invested 0.08% in Morgan Stanley (NYSE:MS). Public Employees Retirement Association Of Colorado accumulated 0.12% or 538,297 shares. The Nevada-based Whittier Trust Co Of Nevada has invested 0% in Morgan Stanley (NYSE:MS). Cim Invest Mangement Inc has 0.34% invested in the company for 31,201 shares. Srb Corp holds 5,288 shares or 0.02% of its portfolio.
Insider Transactions: Since June 29, 2016, the stock had 2 insider buys, and 0 sales for $4.00 million net activity. Shares for $2.00 million were bought by BP4 S.r.l.. The insider Trombetta Giandomenico bought 1.00 million shares worth $2.00M.
More notable recent Morgan Stanley (NYSE:MS) news were published by: Baltimoresun.com which released: “Morgan Stanley pledges to hire 800 in Baltimore over the next four years” on November 17, 2016, also Cnbc.com with their article: “Treasury Secretary Dimon would be good for US, bad for JPM, Morgan Stanley’s …” published on November 17, 2016, Cnbc.com published: “Morgan Stanley bigwigs made millions on post-Trump stock rally” on November 15, 2016. More interesting news about Morgan Stanley (NYSE:MS) were released by: Businessinsider.com and their article: “A senior Morgan Stanley dealmaker is reportedly leaving to launch a boutique firm” published on November 14, 2016 as well as Thestreet.com‘s news article titled: “Morgan Stanley Upside May Be Limited” with publication date: November 17, 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.
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