Morgan Stanley (NYSE:MS) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $34, up by 3.72%, with a volume of 11,304,918 shares against an average amount for the last three months of 10,944,100.
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Morgan Stanley (NYSE:MS) stock is currently trading 4.87% below its 52-week-high, 60.68% above its 52-week-low. The 1-year stock price history is in the range of $21.16 – $35.74. Morgan Stanley (MS) has a price to earnings ratio of 13.67 versus Financial sector average of 15.9. MS stock price has outperformed the S&P 500 by 5.6%. The Diversified Banking Services company is currently valued at $63.78 billion, and its share price closed the last trading session at $34. The stock has a 50-day moving average of $32.4 and a 200-day moving average of $29.09.
Morgan Stanley (MS) current short interest stands at 15.03 million shares. It has decreased by 14% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 9.31 million shares, the number of days required to cover the short positions stand at 1.7 days.
MS is forecasted to report earnings per share of $0.6 and a revenue of $8.47 billion for the 4th Quarter of the fiscal year 2016. Morgan Stanley (MS) declared last quarter earnings on October 19. The Diversified Banking Services company announced last quarter earnings per share of $0.80 against a consensus Street estimate of $0.64, beating the average estimate by $0.16. The company posted a revenue of $9.64 billion compared to an estimation of $8.24 billion.
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There are currently twenty-seven analysts that cover Morgan Stanley stock. Of those twenty-seven, fourteen have a Buy rating, eleven have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $35.28.
A recent analyst activity consisted of Guggenheim upgrading their Neutral rating to Buy on October 20. On the date of report, the stock closed at $32.7.
Sandler O’Neill downgraded their Buy rating to Hold on October 6. On the date of report, the stock closed at $32.2.
Another research firm was UBS who reiterated their Buy stance on July 21. UBS increased their price target on Morgan Stanley from $32 to $34. This translates to a 0% upside from the last closing price. On the date of report, the stock closed at $28.5.
Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.