Economy

Near term Outlook For Morgan Stanley (NYSE:MS)

Near term Outlook For Morgan Stanley (NYSE:MS)”

The 14-day RSI is presently standing at 54.01, the 7-day is 44.22, and the 3-day is resting at 28.81.

TRADEMARK VIOLATION WARNING: "Morgan Stanley (NYSE:MS) Shares Bought by Cubist Systematic Strategies LLC" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The stock is now moving below its 20-Day Simple Moving Average of -0.29% with a 50-Day Simple Moving Average of 2.89 percent.

Morgan Stanley (NYSE:MS) received a Buy rating from 6 analysts.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 19th. For the last period, the company reported quarter over quarter EPS growth of 15.60% and quarter over quarter sales growth of 12.40%. Morgan Stanley (NYSE:MS) has risen 57.08% since October 16, 2016 and is uptrending. The firm had revenue of $9.50 billion during the quarter, compared to analysts' expectations of $9.05 billion. During the same quarter previous year, the company posted $0.75 earnings per share. At the end of the day, it's only a stock's performance that matters. Citigroup Inc. reaffirmed a "neutral" rating and set a $50.00 target price (up previously from $46.00) on shares of Morgan Stanley in a research note on Monday, October 9th. After a recent check, company stock has been trading near the $48.83 mark. This repurchase authorization authorizes the financial services provider to reacquire up to 6.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued. Buckingham Research upgraded the shares of MS in report on Tuesday, August 25 to "Buy" rating. The total amount of shares outstanding is 926.28M, giving the company a market capitalization of about 48.94B. Berenberg Bank reaffirmed a "hold" rating and set a $40.00 price objective on shares of Morgan Stanley in a research report on Thursday, September 21st. The stock of Morgan Stanley (NYSE:MS) has "Hold" rating given on Thursday, September 28 by Keefe Bruyette & Woods. The firm has "Outperform" rating by Credit Suisse given on Monday, October 9. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Analysts have placed a $50.21 price target on Morgan Stanley, suggesting a 3.95% gain from recent close. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. It dropped, as 71 investors sold MS shares while 297 reduced holdings. Also, CFO Jonathan Pruzan sold 25,767 shares of Morgan Stanley stock in a transaction that occurred on Thursday, July 20th.

Morgan Stanley (NYSE:MS) has a beta of 1.65, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Following the transaction, the chief financial officer now directly owns 196,708 shares in the company, valued at approximately $9,182,329.44. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of the stock. Westpac Banking Corp grew its stake in shares of Morgan Stanley by 28.5% during the first quarter. Its last month's stock price volatility remained 1.11% which for the week approaches 1.36%. Eqis Capital Management Inc. raised its holdings in shares of Morgan Stanley by 12.3% during the third quarter. LLC now owns 26,300 shares of the financial services provider's stock valued at $1,172,000 after acquiring an additional 100 shares during the period. Gotham Asset Management LLC's holdings in Morgan Stanley were worth $1,708,000 as of its most recent SEC filing.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 7.81%, and has a solid year to date (YTD) performance of 14.32% which means that the stock is constantly adding to its value from the previous fiscal year end price. Brown Advisory Incorporated holds 0.02% of its portfolio in Morgan Stanley (NYSE:MS) for 130,390 shares. According to today's trading volume Morgan Stanley is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. Toronto Dominion Bank now owns 503,991 shares of the financial services provider's stock worth $22,455,000 after purchasing an additional 109,702 shares during the last quarter. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & global trademark & copyright law. At the time of writing, Morgan Stanley (MS) has a 14-day Commodity Channel Index (CCI) of -51.60.



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