The stock of Morgan Stanley (NYSE:MS) last traded at $116.88, down -1.92% from the previous session.
MS stock price is now 11.01% away from the 50-day moving average and 21.08% away from the 200-day moving average. The market capitalization of the company currently stands at $189.10B.
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With the price target maintained at $118, HSBC Securities recently Upgraded its rating from Hold to Buy for Morgan Stanley (NYSE: MS). , while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, MORGAN STANLEY SMITH BARNEY LL, Indirectly controlled by the i bought 3,756 shares of the company’s stock on Oct 18 ’24. The stock was bought for $450,149 at an average price of $119.85. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17 ’24, Director LUCZO STEPHEN J sold 60,000 shares of the business’s stock. A total of $7,150,470 was realized by selling the stock at an average price of $119.17. This leaves the insider owning 138,363 shares of the company worth $16.17 million. A total of 23.53% of the company’s stock is owned by insiders.
During the past 12 months, Morgan Stanley has had a low of $69.42 and a high of $121.45. According to the stock market information, the enterprise value for the company is $76844556288, which is based on a 17.77 price-to-earnings ratio, a 1.03 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for MS is $105.2906 and a two-hundred day moving average price translates $96.5274 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for 2024-09-30. The net profit margin was 10.07% and return on equity was 11.04% for MS. The company reported revenue of $15.38 billion for the quarter, compared to $13.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.9 percent. For the current quarter, analysts expect MS to generate $14.7B in revenue.
