Morgan Stanley (NYSE:MS) had its price objective raised by investment analysts at Credit Suisse Group from $58.00 to $60.00 in a report released on Friday, Analyst Ratings Network reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price target points to a potential upside of 15.72% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada set a $55.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a report on Thursday. Barclays upped their target price on shares of Morgan Stanley from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Oppenheimer reiterated a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, September 8th. JPMorgan Chase & Co. began coverage on shares of Morgan Stanley in a research note on Tuesday, October 13th. They set an “overweight” rating and a $57.00 price target for the company. Finally, DA Davidson upped their price objective on shares of Morgan Stanley from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $55.14.

Shares of NYSE MS opened at $51.85 on Friday. The company’s 50-day simple moving average is $49.95 and its 200-day simple moving average is $46.14. Morgan Stanley has a 52-week low of $27.20 and a 52-week high of $57.57. The firm has a market cap of $81.76 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.45. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.58.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Morgan Stanley had a net margin of 17.78% and a return on equity of 11.90%. The firm had revenue of $11.66 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same period in the previous year, the business posted $1.27 earnings per share. Morgan Stanley’s quarterly revenue was up 16.2% on a year-over-year basis. Equities research analysts anticipate that Morgan Stanley will post 5.41 EPS for the current fiscal year.

In other Morgan Stanley news, insider Keishi Hotsuki sold 19,000 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $52.00, for a total value of $988,000.00. Following the transaction, the insider now owns 243,666 shares of the company’s stock, valued at $12,670,632. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. IBM Retirement Fund boosted its stake in Morgan Stanley by 39.0% in the 3rd quarter. IBM Retirement Fund now owns 35,883 shares of the financial services provider’s stock valued at $1,735,000 after purchasing an additional 10,077 shares during the period. Granite Investment Advisors LLC raised its holdings in shares of Morgan Stanley by 35.1% during the 3rd quarter. Granite Investment Advisors LLC now owns 152,757 shares of the financial services provider’s stock worth $7,386,000 after buying an additional 39,702 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Morgan Stanley by 10.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 98,483 shares of the financial services provider’s stock worth $4,762,000 after buying an additional 9,656 shares in the last quarter. Evolution Wealth Advisors LLC grew its position in Morgan Stanley by 909.1% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 1,110 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Diversified Trust Co grew its position in Morgan Stanley by 53.3% during the 3rd quarter. Diversified Trust Co now owns 16,675 shares of the financial services provider’s stock worth $806,000 after acquiring an additional 5,798 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

About Morgan Stanley

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. The company 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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