Morgan Stanley (NYSE:MS) Receives New Coverage from Analysts at BNP Paribas

Equities researchers at BNP Paribas initiated coverage on shares of Morgan Stanley (NYSE:MS) in a report released on Tuesday, TipRanks reports. The firm set a “buy” rating and a $59.00 price target on the financial services provider’s stock. BNP Paribas’ price objective would indicate a potential upside of 22.64% from the stock’s current price.

A number of other equities research analysts also recently weighed in on MS. Odeon Capital Group downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Sandler O’Neill raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Thursday, October 10th. UBS Group reissued a “buy” rating and issued a $53.00 target price on shares of Morgan Stanley in a report on Thursday, October 17th. TheStreet upgraded Morgan Stanley from a “c+” rating to a “b-” rating in a research report on Wednesday, September 18th. Finally, Pritchard Capital raised Morgan Stanley to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.54.

NYSE:MS opened at $48.11 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50-day moving average of $47.50 and a 200-day moving average of $43.88. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $49.98. The company has a market capitalization of $80.09 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.08 and a beta of 1.38.

Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.17. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.86%. The business had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $9.63 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Morgan Stanley will post 4.74 EPS for the current year.

In other Morgan Stanley news, insider Robert P. Rooney sold 51,105 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $49.13, for a total transaction of $2,510,788.65. Following the sale, the insider now owns 183,448 shares of the company’s stock, valued at approximately $9,012,800.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ufj Financial Group Mitsubishi acquired 70,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $1.01 per share, for a total transaction of $70,700.00. The disclosure for this purchase can be found here. Insiders sold 151,105 shares of company stock valued at $5,063,359 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Institutional & Family Asset Management LLC raised its position in Morgan Stanley by 1.0% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 66,861 shares of the financial services provider’s stock worth $2,853,000 after purchasing an additional 640 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Morgan Stanley in the 3rd quarter valued at about $4,512,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $13,390,000. Vectors Research Management LLC grew its position in shares of Morgan Stanley by 650,262.3% during the 3rd quarter. Vectors Research Management LLC now owns 3,590,000 shares of the financial services provider’s stock worth $3,654,000 after buying an additional 3,589,448 shares during the period. Finally, Castleark Management LLC bought a new stake in shares of Morgan Stanley during the third quarter worth approximately $2,876,000. Institutional investors own 84.04% 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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