Sandler O’Neill Upgrades Morgan Stanley (NYSE:MS) to Buy

Sandler O’Neill upgraded shares of Morgan Stanley (NYSE:MS) from a hold rating to a buy rating in a research report report published on Thursday morning, BenzingaRatingsTable reports. They currently have $48.00 price objective on the financial services provider’s stock.

Several other analysts have also recently issued reports on the stock. Oppenheimer set a $65.00 price objective on shares of Morgan Stanley and gave the company a buy rating in a research note on Friday, July 19th. Citigroup raised shares of Morgan Stanley from a neutral rating to a buy rating and upped their price objective for the company from $48.00 to $52.00 in a research note on Friday, July 12th. ValuEngine raised shares of Morgan Stanley from a sell rating to a hold rating in a research note on Wednesday, October 2nd. TheStreet raised shares of Morgan Stanley from a c+ rating to a b- rating in a research note on Wednesday, September 18th. Finally, BMO Capital Markets set a $69.00 price objective on shares of Morgan Stanley and gave the company a buy rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $55.15.

NYSE MS traded up $0.88 during trading hours on Thursday, hitting $41.93. 14,833,709 shares of the company’s stock traded hands, compared to its average volume of 9,316,140. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $48.67. The company has a market capitalization of $67.85 billion, a PE ratio of 9.10, a PEG ratio of 1.13 and a beta of 1.35. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50-day moving average is $42.10 and its 200-day moving average is $43.47.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Morgan Stanley’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that Morgan Stanley will post 4.74 earnings per share for the current fiscal year.

In other news, major shareholder Ufj Financial Group Mitsubishi bought 210,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of $1.02 per share, for a total transaction of $214,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 420,000 shares of company stock worth $426,300 over the last quarter. 0.23% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of MS. Nuveen Asset Management LLC boosted its holdings in Morgan Stanley by 1,929.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 16,566,955 shares of the financial services provider’s stock valued at $725,798,000 after purchasing an additional 15,750,661 shares during the last quarter. Eminence Capital LP acquired a new position in shares of Morgan Stanley in the 2nd quarter worth approximately $141,913,000. FMR LLC lifted its holdings in shares of Morgan Stanley by 7.0% in the 1st quarter. FMR LLC now owns 25,890,003 shares of the financial services provider’s stock worth $1,092,558,000 after acquiring an additional 1,687,819 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Morgan Stanley in the 2nd quarter worth approximately $59,323,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Morgan Stanley by 18.5% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,278,764 shares of the financial services provider’s stock worth $1,032,162,000 after acquiring an additional 1,134,651 shares during the last quarter. Institutional investors own 83.58% 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.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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