Morgan Stanley, the giant financial services provider, has released the result of its earnings on Monday. They posted earnings per share (EPS) of $0.79 for this quarter, going past the consensus estimates by $0.06 according to Analysts Ratings Net.
Morgan Stanley had a $9.56 billion a revenue for this quarter as against the $9.10 billion consensus estimate. This time last year, the company had a $0.60 EPS. This quarter’s revenue went up by 13.2%, when compared against same quarter revenue last year.
On Tuesday, Morgan Stanley’s share (NYSE:MS) opened at $40.04. The company has a one-year high of $41.04 and a one-year low of $31.12. Its shares have $37.27 as its 50-day moving average and $37.19 as its 200 day moving average. The company’s P/E ratio and market cap are 19.65 and $78.88 billion respectively.
In recent times, Morgan Stanley has been actively reported in several media. Financial analysts from Argus price target shares for Morgan Stanley was $46, up from $43. They gave MS a “buying” rating in their research note this Monday.
Citigroup Inc analysts raised their target price on shares of Morgan Stanley from $37 to $39 in their Friday research note. They however gave the company a “neutral” rating on Monday in their research note. Morgan Stanley’s ratings was downgraded by analysts from Zack as it went from “buy” to hold” in their Thursday July 2nd research note.
Research notes from Deutsche Bank analysts also gave MS shares a “hold” rating in their June 28th research note. Six equities research analysts gave Morgan Stanley’s shares a “buy” rating, one analyst assigned a “sell” rating while twelve research equities gave it a “hold” rating. On the average, Morgan Stanley’s stocks were rated “hold” and had $38.78 as its average price target.
In other news, Donald T. Nicolaisen, Morgan Stanley’s Director, has sold about 4,160 company’s shares at an average price of $37.77 per share for a total valued price of $156, 123.20 on Tuesday, May 26th. The sale was made known in a legal filing with SEC. In the same vein, CFO Paul C.Wirth sold about 39,462 of the company’s shares at $38.37 per share for a total value of $1,514,156.94.
Morgan Stanley, a world-wide financial services provider, offers products and services for a broad range of customers, clients, corporations, individuals and financial institutions via its affiliates and subsidiaries.
Benzamin H
