The price of Morgan Stanley (NYSE:MS) shares last traded on Wall Street rose 4.36% to $78.31.
Based on available information, 27 analysts follow Morgan Stanley (NYSE:MS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $73.60, we find $90.00. Given the previous closing price of $75.04, this indicates a potential upside of 19.94 percent. MS stock price is now -1.06% away from the 50-day moving average and -9.16% away from the 200-day moving average. The market capitalization of the company currently stands at $128.53B.
Among analysts, 12 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $89.41 as their price target over the next twelve months.
With the price target maintained at $79.15, Odeon recently Downgraded its rating from Buy to Hold for Morgan Stanley (NYSE: MS).
In other news, MORGAN STANLEY, 10% Owner sold 135 shares of the company’s stock on Oct 05. The stock was sold for $6,750,000 at an average price of $50000.00. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 24, Chairman and CEO GORMAN JAMES P sold 125,000 shares of the business’s stock. A total of $11,898,812 was realized by selling the stock at an average price of $95.19. This leaves the insider owning 1,011,345 shares of the company worth $79.2 million. Insiders disposed of 1,791,232 shares of company stock worth roughly $140.27 million over the past 1 year. A total of 23.04% of the company’s stock is owned by insiders.
A candlestick chart of Morgan Stanley (NYSE: MS) showed a price of $76.68 on Tuesday morning. During the past 12 months, Morgan Stanley has had a low of $69.42 and a high of $100.99. The fifty day moving average price for MS is $79.15 and a two-hundred day moving average price translates $86.21 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for Sep, 2023. According to the Capital Markets Company, earnings per share came in at $1.38, beating analysts’ expectations of $1.28 by 0.1. This compares to $1.47 EPS in the same period last year. The net profit margin was 10.14% and return on equity was 9.80% for MS. The company reported revenue of $13.27 billion for the quarter, compared to $12.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.21 percent. For the current quarter, analysts expect MS to generate $13.02B in revenue.