Morgan Stanley (NYSE:MS) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a $48.00 target price on the financial services provider’s stock, down from their previous target price of $50.00. Citigroup‘s target price would indicate a potential upside of 16.79% from the stock’s previous close.

Several other research firms have also weighed in on MS. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Monday, November 26th. Vining Sparks reiterated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research note on Tuesday, October 16th. Wells Fargo & Co upgraded shares of Morgan Stanley to a “buy ms” rating in a research note on Thursday, December 20th. Barclays lowered their target price on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 2nd. Finally, HSBC lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.06.

Shares of NYSE:MS opened at $41.10 on Wednesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $71.80 billion, a P/E ratio of 11.42, a P/E/G ratio of 0.69 and a beta of 1.24. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $59.38.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. The business had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities research analysts predict that Morgan Stanley will post 4.87 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Girard Partners LTD. acquired a new position in shares of Morgan Stanley in the 3rd quarter valued at about $115,000. Harvest Fund Management Co. Ltd increased its holdings in Morgan Stanley by 108.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after buying an additional 1,467 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Morgan Stanley in the third quarter worth approximately $157,000. Focused Wealth Management Inc acquired a new position in Morgan Stanley in the second quarter worth approximately $167,000. Finally, Sageworth Trust Co increased its holdings in Morgan Stanley by 500.8% in the third quarter. Sageworth Trust Co now owns 3,605 shares of the financial services provider’s stock worth $168,000 after buying an additional 3,005 shares during the last quarter. Institutional investors and hedge funds own 85.06% of the company’s stock.

About Morgan Stanley

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 Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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