Stock Buzzer: Could Morgan Stanley Change Direction After Making 52-Week High?

Stock Buzzer: Could Morgan Stanley Change Direction After Making 52 Week High?

The stock of Morgan Stanley (NYSE:MS) hit a new 52-week high and has $44.27 target or 8.00% above today’s $40.99 share price. The 7 months bullish chart indicates low risk for the $76.73 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $44.27 price target is reached, the company will be worth $6.14 billion 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 5.58M shares traded hands. Morgan Stanley (NYSE:MS) has risen 48.72% since April 21, 2016 and is uptrending. It has outperformed by 43.39% the S&P500.

Analysts await Morgan Stanley (NYSE:MS) to report earnings on January, 17. They expect $0.60 earnings per share, up 39.53% or $0.17 from last year’s $0.43 per share. MS’s profit will be $1.12B for 17.08 P/E if the $0.60 EPS becomes a reality. After $0.80 actual earnings per share reported by Morgan Stanley for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

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. Morgan Stanley has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Berenberg initiated Morgan Stanley (NYSE:MS) on Wednesday, July 13 with “Hold” rating. Guggenheim downgraded Morgan Stanley (NYSE:MS) on Thursday, July 30 to “Neutral” rating. The stock of Morgan Stanley (NYSE:MS) has “Buy” rating given on Thursday, October 20 by Guggenheim. The firm has “Buy” rating given on Monday, August 31 by Evercore. The rating was initiated by Credit Suisse on Tuesday, September 15 with “Neutral”. The rating was maintained by Wood on Tuesday, April 19 with “Market Perform”. The rating was maintained by Argus Research on Tuesday, January 19 with “Buy”. The company was maintained on Tuesday, October 20 by RBC Capital Markets. Zacks downgraded the stock to “Buy” rating in Thursday, August 20 report. RBC Capital Markets upgraded Morgan Stanley (NYSE:MS) rating on Wednesday, October 7. RBC Capital Markets has “Outperform” rating and $39 price target.

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 Q2 2016. 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.
Supplemental Annuity Collective Trust Of Nj, a New Jersey-based fund reported 30,903 shares. Creative Planning accumulated 68,605 shares or 0.01% of the stock. Element Capital Mgmt Llc last reported 73,605 shares in the company. Breton Hill Cap Limited accumulated 0.35% or 41,909 shares. Moreover, Janney Montgomery Scott Limited Liability has 0.02% invested in Morgan Stanley (NYSE:MS) for 50,498 shares. Tiaa Cref Trust Fsb Mo last reported 15,153 shares in the company. Mizuho And Banking Co has invested 0.2% of its portfolio in Morgan Stanley (NYSE:MS). Rockefeller Services Incorporated has 0% invested in the company for 275 shares. The Massachusetts-based Commonwealth Equity Services has invested 0.02% in Morgan Stanley (NYSE:MS). First Tru last reported 0.16% of its portfolio in the stock. The Quebec – Canada-based Fiera Corp has invested 0.01% in Morgan Stanley (NYSE:MS). Synovus Fincl Corp last reported 5,418 shares in the company. Checchi Advisers Ltd Co holds 12,739 shares or 0.04% of its portfolio. Kiltearn Prtnrs Llp has 4.94M shares for 5.79% of their US portfolio. Vigilant Mngmt Limited Liability Co has 0% invested in the company for 693 shares.

Insider Transactions: Since June 29, 2016, the stock had 2 insider buys, and 0 selling transactions for $4.00 million net activity. Shares for $2.00M were bought by BP4 S.r.l.. The insider Trombetta Giandomenico bought $2.00 million.

More notable recent Morgan Stanley (NYSE:MS) news were published by: Blogs.Wsj.com which released: “Morgan Stanley Plans to Drop Out of R3 Blockchain Group” on November 22, 2016, also Cnbc.com with their article: “Morgan Stanley bigwigs made millions on post-Trump stock rally” published on November 15, 2016, Businessinsider.com published: “Morgan Stanley says Trump presidency may be good for Harley-Davidson” on November 22, 2016. More interesting news about Morgan Stanley (NYSE:MS) were released by: Cnbc.com and their article: “Treasury Secretary Dimon would be good for US, bad for JPM, Morgan Stanley’s …” published on November 17, 2016 as well as Baltimoresun.com‘s news article titled: “Morgan Stanley pledges to hire 800 in Baltimore over the next four years” 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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