According to Benzinga, equity analysts at The Goldman Sachs Group boosted the target price of Morgan Stanley (NYSE: MS-Get Rating) in a research note that was distributed to clients and investors on Wednesday. The new price objective is $94.00, up from $85.00. It has been recommended that the company’s shares of the financial services provider be purchased, and those shares have been given a “buy” rating. The target price provided by Goldman Sachs Group indicates a 7.81% possibility of a gain when compared to the price the firm is now trading at. Further papers have been written about multiple sclerosis research that has been published. Piper Sandler and Morgan Stanley reduced their “neutral” rating and price target on Morgan Stanley shares in a report published on Friday, July 1st.
The ratings and price target were set at $100.00 but have since been reduced to $90.00. The price objective that BMO Capital Markets had set for Morgan Stanley shares was lowered from $105.00 to $99.00, as stated in a research note made public on Friday, July 15th, by BMO Capital Markets. The report was made public by the company. In a report made public on September 12th, Deutsche Bank Aktiengesellschaft rated Morgan Stanley as a “hold” investment, and the bank lowered their price objective on the company from $105.00 to $92.00. The “hold” rating assigned to Morgan Stanley by Odeon Capital Group was changed to a “sell” rating in a report issued on Tuesday, September 6th. The report was about the move. Barclays lowered its price target on Morgan Stanley from $123.00 to $108.00 and assigned the company an “overweight” rating in a research report published on Friday, July 15th. Both of these modifications were executed with the firm in mind.
A recommendation to “sell” was made by one of the research analysts on the stock. Seven people have proposed selling the shares, while eight have suggested maintaining the stock. According to the data that MarketBeat gave, the company currently carries a rating of “Hold,” and analysts have set a price objective of $99.38 for it. The opening price for the NYSE MS on Wednesday was $87.19 a share. The debt-to-equity ratio comes in at 2.38, the current ratio is 0.80, and the quick ratio comes in at the same number. Moving averages for the previous 50 days come in at $85.89 for the company, while the moving averages for the past 200 days come in at $84.08. The company has a $149.69 billion market capitalization, a price-to-earnings ratio of 11.78, a price-to-earnings-to-growth ratio of 1.66, and a beta of 1.38. During the past year, Morgan Stanley saw an all-time low of $72.05 and an all-time high of $109.73. The board of directors of Morgan Stanley held a meeting on Monday, June 27th, and voted to adopt a share buyback program at that meeting.
This will allow the company to repurchase up to twenty million dollars worth of shares currently on the market. The financial services firm has the authority to repurchase up to 14.8% of the shares currently outstanding in the company through the use of the open market. Buyback programs are a fairly common indicator that management believes the company’s shares are trading at a lower price than their true value. On Thursday, July 14th, the findings of Morgan Stanley’s most recent quarterly financial report were made public. Morgan Stanley trades under the ticker symbol “MS” on the New York Stock Exchange. Morgan Stanley successfully achieved a return on equity of 14.33% and a net margin of 22.76%.
The financial services company produced earnings per share for the quarter of $1.44, which was $0.01 less than the consensus estimate of $1.55. Sales for the company came in at $13.13 billion for the quarter, which was lower than the average projection of $13.50 billion that was made before the quarter began. The company reported earnings per share of $1.89 during the same period the year before compared to the same period. The corporation’s revenue dropped by 11.0% compared to the previous fiscal year. Experts who study stocks say that Morgan Stanley will make $6.69 per share in profits in the current fiscal year.
In other news concerning Morgan Stanley, large shareholder Stanley Morgan purchased 8,598 shares of the company’s stock on July 28. The transaction took place on July 28. The cost of purchasing all the shares came to a total of $72,309.18, which works out to an average price of $8.41 for each share. Following the conclusion of the transaction, the corporate insider now directly owns 8,598 shares of the firm. Based on the current stock price, each of these shares is worth $72,309.18. The corporate transaction was made known to the general public using a formal document delivered to the SEC and is currently searchable online. Employees who work within the company hold 0.26% of the total shares outstanding in the company.
In recent weeks, several institutional investors have shifted the percentage of their total MS holdings corresponding to their level of responsibility. During the second quarter, Sound Income Strategies LLC increased its stake in Morgan Stanley by 78.6 percent. Following the acquisition of a further 151 shares during the most recent fiscal quarter, Sound Income Strategies LLC now holds 343 shares of the stock held by the financial services provider. These 343 shares have a combined value of $26,000 and are worth that amount when taken individually. During the third and final quarter of 2018, Western Pacific Wealth Management LP made a purchase of stock in Morgan Stanley for the amount of $29,000. The financial services company known as Tyler Stone Wealth Management invested a total of $29,000 in Morgan Stanley during the last quarter of the year.
Through purchasing new shares of Morgan Stanley during the second quarter, GoalVest Advisory LLC was able to grow the size of its stock holdings by 3,233.3%. GoalVest Advisory LLC now directly owns 400 shares, valued at $30,000, due to the purchase of an additional 388 shares in the financial services provider during the most recent fiscal quarter. And finally, during the first quarter of this year, Oliver Lagore Vanvalin Stake Group increased its holdings by making a new investment in Morgan Stanley worth $32,000. This new investment was made during the first three months of the year. The total amount of the stock in the company is owned by institutional investors and hedge funds, which account for 83.36% of the total.