Several brokerages have updated their recommendations and price targets on shares of Morgan Stanley (NYSE: MS) in the last few weeks:
Shares of Morgan Stanley (NYSE:MS) remained flat at $32.18 during trading on Wednesday. 1,388,638 shares of the stock traded hands. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $35.74. The company has a 50-day moving average price of $31.76 and a 200 day moving average price of $28.12. The stock has a market capitalization of $61.52 billion, a price-to-earnings ratio of 14.88 and a beta of 2.09.
Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period last year, the firm earned $0.79 EPS. The company’s quarterly revenue was down 8.6% on a year-over-year basis. On average, equities analysts expect that Morgan Stanley will post $2.50 earnings per share for the current year.