Morgan Stanley (NYSE: MS) was upgraded by equities researchers at UBS AG (NYSE: UBS) from a “neutral” rating to a “buy” rating in a report issued on Friday. The firm currently has a $21.00 target price on the stock, up from their previous target price of $19.00.
Shares of Morgan Stanley traded up 0.22% during mid-day trading on Friday, hitting $13.38. Morgan Stanley has a one year low of $11.58 and a one year high of $26.49. The company has a market cap of $26.463 billion and a P/E ratio of 19.52.
Morgan Stanley last announced its earnings results on Thursday, April 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.48. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $0.45 earnings per share next quarter.
A number of other analysts have also recently weighed in on MS. 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. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Morgan Stanley in a research note to investors on Thursday, April 19th. Finally, analysts at Goldman Sachs (NYSE: GS) raised their EPS on shares of Morgan Stanley in a research note to investors on Wednesday, April 18th. They now have an “equal weight” rating and a $135.00 price target on the stock.
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.