Morgan Stanley (NYSE:MS) Given a $105.00 Price Target at The Goldman Sachs Group

Morgan Stanley (NYSE:MSGet Rating) received a $105.00 price target from investment analysts at The Goldman Sachs Group in a research report issued on Wednesday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective indicates a potential upside of 18.10% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a report on Wednesday, March 16th. Odeon Capital Group downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Friday, January 28th. Barclays lifted their price target on shares of Morgan Stanley from $110.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 3rd. BMO Capital Markets lifted their price target on shares of Morgan Stanley from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Piper Sandler lowered their price target on shares of Morgan Stanley from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, April 5th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.71.

Shares of MS opened at $88.91 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.36. The stock has a market cap of $156.14 billion, a P/E ratio of 11.31, a PEG ratio of 1.98 and a beta of 1.46. The company has a 50-day moving average of $90.49 and a two-hundred day moving average of $96.85. Morgan Stanley has a 12-month low of $76.25 and a 12-month high of $109.73.

Morgan Stanley (NYSE:MSGet Rating) last announced its earnings results on Thursday, April 14th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. The company had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Morgan Stanley had a net margin of 24.21% and a return on equity of 15.03%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.22 earnings per share. As a group, analysts forecast that Morgan Stanley will post 7.13 EPS for the current fiscal year.

In other news, insider Daniel A. Simkowitz sold 18,414 shares of the business’s stock in a transaction on Monday, January 31st. The shares were sold at an average price of $102.56, for a total transaction of $1,888,539.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andrew M. Saperstein sold 15,471 shares of the business’s stock in a transaction on Thursday, January 20th. The stock was sold at an average price of $96.80, for a total transaction of $1,497,592.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,461 shares of company stock worth $7,060,891. 0.23% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC raised its holdings in Morgan Stanley by 61.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 265 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new stake in Morgan Stanley in the fourth quarter valued at $29,000. Sageworth Trust Co of South Dakota acquired a new stake in Morgan Stanley in the fourth quarter valued at $29,000. Vienna Asset Management LLC acquired a new stake in Morgan Stanley in the fourth quarter valued at $29,000. Finally, Western Pacific Wealth Management LP acquired a new stake in Morgan Stanley in the fourth quarter valued at $29,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

About Morgan Stanley (Get Rating)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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