Oppenheimer Analysts Give Morgan Stanley (NYSE:MS) a $65.00 Price Target

Oppenheimer set a $65.00 price objective on Morgan Stanley (NYSE:MS) in a research note released on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the financial services provider’s stock. Oppenheimer also issued estimates for Morgan Stanley’s FY2020 earnings at $5.14 EPS.

Several other brokerages have also weighed in on MS. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Monday, May 13th. HSBC reissued a hold rating on shares of Societe Generale in a report on Thursday, April 4th. Citigroup raised shares of Infosys from a neutral rating to a buy rating in a report on Friday, July 12th. BMO Capital Markets decreased their price objective on shares of Pentair to $39.00 and set a market perform rating for the company in a report on Thursday, April 18th. Finally, Wells Fargo & Co reissued a buy rating on shares of Morgan Stanley in a report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $56.92.

MS traded up $0.60 during trading hours on Friday, reaching $45.10. 9,398,523 shares of the stock traded hands, compared to its average volume of 11,044,868. The business’s fifty day moving average price is $43.65. The firm has a market cap of $76.05 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.32. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $51.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.60.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.10. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.02 billion. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.10%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. Analysts predict that Morgan Stanley will post 4.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.35 per share. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, July 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 26.03%.

Institutional investors have recently bought and sold shares of the company. Nalls Sherbakoff Group LLC bought a new position in shares of Morgan Stanley in the 4th quarter worth about $28,000. IMA Wealth Inc. bought a new position in shares of Morgan Stanley in the 1st quarter worth about $31,000. Liberty Wealth Management LLC bought a new position in shares of Morgan Stanley in the 4th quarter worth about $29,000. Destination Wealth Management lifted its position in shares of Morgan Stanley by 38.7% in the 1st quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock worth $33,000 after buying an additional 215 shares during the last quarter. Finally, Citizens Financial Group Inc RI lifted its position in shares of Morgan Stanley by 46.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after buying an additional 245 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.

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 through Institutional Securities, Wealth Management, and Investment Management segments.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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