Keefe Bruyette lowered the price target for the Morgan Stanley (NYSE:MS) stock from “an Outperform” to “a Mkt perform”. The rating was released on January 17, 2024, according to finviz. We previously noted in another research note published on January 17, 2024 by JP Morgan that downgraded the stock from an Overweight to a Neutral with a price target of $87 for MS stock. The research report from HSBC Securities has downgraded the stock from Buy to Hold, with a price target set at $96. In their research brief published November 20, 2023, Exane BNP Paribas analysts downgraded the Morgan Stanley stock from Outperform to Neutral with a price target of $85.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.99 during the last quarter as opposed to a consensus estimate of $1.01, which indicates the company missed its estimate by -$0.02, which implies that the company surprised the market by -2.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $1.69. This is an average of 16 analysts’ earnings, where the high earnings per share estimate is $1.85 and the low earnings per share estimate is $1.43. According to 14 analyst estimates, an average revenue estimate of $14.37B is projected for the current quarter with a high revenue estimate of $15.09B and a low estimate of $13.63B.
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The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 4.83% within the last five trades and 9.29% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 7.18% in the last 6 months and 1.61% was added to its value over the previous 3 months. MS stock is trading at a margin of 6.82%, 7.31% and 10.14% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, MS deals in the Financial domain. The stock is trading -2.27 percent below its 52-week high and 34.54 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 14.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Morgan Stanley’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 12.14 percent and the profit margin is 8.82 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $152.73 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Morgan Stanley (NYSE:MS) is 18.05. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 12.84. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.58 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.68, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 23.35 percent of Morgan Stanley shares are owned by insiders, and 62.50 percent are held by financial institutions. GORMAN JAMES P, the Executive Chairman at Morgan Stanley (MS) has sold 100,000 shares of firm on Feb 12 ’24 at a price of $87.30 against the total amount of $8.73 million. In another inside trade, SAPERSTEIN ANDREW M, Co-President of Morgan Stanley (NYSE:MS) sold 26,655 shares of the firm on Feb 12 ’24 for a total worth of $2.32 million at a price of $87.19. An inside trade which took place on Jan 31 ’24, Chief Legal/Admin Officer of Morgan Stanley GROSSMAN ERIC F sold 26,562 shares of firm against total price of $2.35 million at the cost of $88.55 per share.
