Morgan Stanley Rating Lowered to Underperform at JMP Securities (MS)
Morgan Stanley (NYSE: MS) was downgraded by JMP Securities from an “outperform” rating to an “underperform” rating in a research note issued on Monday. They currently have a $11.00 price target on the stock, down from their previous price target of $26.00.
Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $21.00 price target on the stock, up previously from $19.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note to investors on Friday, April 20th. They now have a $19.00 price target on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Morgan Stanley in a research note to investors on Thursday, April 19th.
Morgan Stanley opened at 13.19 on Monday. Morgan Stanley has a 52-week low of $11.58 and a 52-week high of $24.49. The company has a market cap of $26.087 billion and a price-to-earnings ratio of 19.28.
Morgan Stanley last posted its quarterly earnings results on Thursday, April 19th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.48. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts expect that Morgan Stanley will post $0.44 EPS next quarter.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals.