The stock of Morgan Stanley (NYSE:MS) hit a new 52-week high and has $42.48 target or 3.00% above today’s $41.24 share price. The 9 months bullish chart indicates low risk for the $77.54B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $42.48 price target is reached, the company will be worth $2.33B 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 2.70 million shares traded hands. Morgan Stanley (NYSE:MS) has risen 47.48% since April 27, 2016 and is uptrending. It has outperformed by 42.25% 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 $1.13 billion for 17.18 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. $82 is the highest target while $1 is the lowest. The $31.33 average target is -24.03% below today’s ($41.24) stock price. Morgan Stanley has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, September 15 by Credit Suisse. The firm has “Outperform” rating given on Thursday, October 8 by JMP Securities. The firm earned “Neutral” rating on Thursday, July 30 by Guggenheim. Wood maintained it with “Market Perform” rating and $30 target price in Tuesday, April 19 report. Berenberg initiated it with “Hold” rating and $29 target price in Wednesday, July 13 report. RBC Capital Markets upgraded the stock to “Outperform” rating in Wednesday, October 7 report. On Wednesday, April 6 the stock rating was maintained by Barclays Capital with “Equalweight”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 20. Argus Research maintained the shares of MS in a report on Wednesday, August 17 with “Buy” rating. On Wednesday, October 5 the stock rating was maintained by Macquarie Research with “Outperform”.
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 improved, 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.
Guardian Life Of America accumulated 0.01% or 5,729 shares. Valley Natl Advisers Incorporated has 992 shares for 0.01% of their US portfolio. Ameriprise Fincl Inc reported 20.97 million shares or 0.32% of all its holdings. Tctc Hldgs Lc accumulated 21,500 shares or 0.04% of the stock. Vanguard Group Inc last reported 0.14% of its portfolio in the stock. Wolverine Asset Mngmt Lc last reported 0.01% of its portfolio in the stock. Calvert Inv Management holds 0.15% of its portfolio in Morgan Stanley (NYSE:MS) for 112,718 shares. Hexavest Inc has invested 0.42% of its portfolio in Morgan Stanley (NYSE:MS). Moreover, Lipe And Dalton has 1.14% invested in Morgan Stanley (NYSE:MS) for 63,590 shares. The Tennessee-based Lee Danner Bass has invested 0.03% in Morgan Stanley (NYSE:MS). Mcf Advsrs Limited Liability Corp reported 4,150 shares or 0.03% of all its holdings. Mendon Capital Corp reported 204,200 shares or 0.55% of all its holdings. Moreover, Tokio Marine Asset Commerce Limited has 0.12% invested in Morgan Stanley (NYSE:MS) for 45,038 shares. Gru One Trading Lp owns 46,469 shares or 0.01% of their US portfolio. D E Shaw & Company Incorporated owns 834,168 shares or 0.04% of their US portfolio.
Insider Transactions: Since June 29, 2016, the stock had 2 buys, and 0 insider sales for $4.00 million net activity. Trombetta Giandomenico also bought $2.00M worth of Morgan Stanley (NYSE:MS) on Wednesday, June 29. The insider BP4 S.r.l. bought $2.00M.
More notable recent Morgan Stanley (NYSE:MS) news were published by: Wsj.com which released: “Morgan Stanley Fund Cuts Valuation of Its Holding in India’s Flipkart” on November 30, 2016, also Fortune.com with their article: “Morgan Stanley Thinks This Country Is 2017’s ‘Top Market'” published on November 29, 2016, Businessinsider.com published: “Morgan Stanley thinks the Pixel smartphone will generate Google almost $4 …” on November 28, 2016. More interesting news about Morgan Stanley (NYSE:MS) were released by: Businessinsider.com and their article: “Here’s Morgan Stanley’s top FX trades for 2017” published on November 27, 2016 as well as Cnbc.com‘s news article titled: “Europe could be on the brink of a ‘political triple jump’, Morgan Stanley warns” with publication date: November 28, 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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