Morgan Stanley beats Street 3Q forecasts

17 October, 2017, 18:03 | Author: Leticia Walters
  • Bojangles (BOJA) Reaches $12.23 52-Week Low; National Pension Service Has Raised By $2.89 Million Its Morgan Stanley (MS) Stake

Therefore 21% are positive. Canandaigua Natl Bancorporation stated it has 0.29% of its portfolio in Morgan Stanley (NYSE:MS). The stock now has a consensus rating of "Buy" and a consensus target price of $49.39.

MS has been the topic of several research reports. The firm earned "Buy" rating on Wednesday, September 30 by Mizuho. As per Tuesday, August 25, the company rating was upgraded by Buckingham Research. Bank of America maintained the stock with "Buy" rating in Thursday, July 20 report. The firm has "Overweight" rating given on Friday, March 11 by Stephens. The stock has "Buy" rating by Mizuho on Friday, April 29. Morgan Stanley instead leans on its wealth management division, which oversees $2.2 trillion for some 3.5 million American households, to steady its earnings.

Based on current stock levels, Morgan Stanley shares are trading -0.54% off of the 50-day high and 13.76% away from the 50-day low.

Morgan Stanley is a financial holding company. The stock rose 1.78% or $0.87 reaching $49.83. Essex Management Co Llc holds 1.87% or 293,081 shares.

Morgan Stanley's return on equity, a key measure of how profitably it invests shareholders' money, stood at 9.6% in the quarter and 9.8% through the first nine months of the year.

MEDNAX, Inc.is a provider of physician services, including newborn, anesthesia, maternal-fetal, teleradiology, pediatric cardiology and other pediatric subspecialty care. During the same quarter past year, the firm earned $0.75 EPS. As of December 31, 2016, the Company had over 1,390 affiliated physicians providing anesthesia care to patients in connection with surgical and other procedures, as well as pain management. About 159,446 shares traded. Bojangles Inc (NASDAQ:BOJA) has risen 4.24% since October 16, 2016 and is uptrending. It has underperformed by 34.90% the S&P500. This was also up on Q3, when Morgan Stanley reported revenues of $8.9 billion. The stock has a market capitalization of $89.88 billion, a PE ratio of 14.02 and a beta of 1.61.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Morgan Stanley (NYSE:MS).

09/15/2017 - Morgan Stanley was upgraded to "buy" by analysts at HSBC. The rating was downgraded by Atlantic Securities on Wednesday, February 3 to "Underweight". Finally, BMO Capital Markets lifted their price objective on Morgan Stanley from $58.00 to $61.00 and gave the stock an "outperform" rating in a research note on Thursday, July 20th.

"Morgan Stanley continues to produce strong, balanced results across each of its businesses", said Instinet analyst Steven Chubak, who predicted that Wall Street peers would raise profit estimates following its report.

09/22/2017 - Morgan Stanley had its "sell" rating reiterated by analysts at Compass Point.

04/19/2017 - Morgan Stanley had its "buy" rating reiterated by analysts at Rafferty Capital Markets.

10/09/2017 - Morgan Stanley was upgraded to "outperform" by analysts at Credit Suisse.

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