After finishing at $91.65 in the prior trading day, Morgan Stanley (NYSE: MS) closed at $86.84, down -5.25%. In other words, the price has decreased by -$4.81 from its previous closing price. On the day, 24554360 shares were traded.
Ratios:
Our goal is to gain a better understanding of MS by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 3.63 whereas as Long-Term Debt/Eq ratio is at 2.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on January 17, 2024, Downgraded its rating to Mkt Perform and sets its target price to $91 from $102 previously.
On January 17, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $94 to $87.
HSBC Securities Downgraded its Buy to Hold on January 09, 2024, while the target price for the stock was maintained at $96.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 12 ’24 when GORMAN JAMES P sold 100,000 shares for $87.30 per share. The transaction valued at 8,730,220 led to the insider holds 350,000 shares of the business.
SAPERSTEIN ANDREW M sold 26,655 shares of MS for $2,324,092 on Feb 12 ’24. The Co-President now owns 286,835 shares after completing the transaction at $87.19 per share. On Jan 31 ’24, another insider, GROSSMAN ERIC F, who serves as the Chief Legal/Admin Officer of the company, sold 26,562 shares for $88.55 each. As a result, the insider received 2,352,001 and left with 234,627 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MS now has a Market Capitalization of 141.26B. As of this moment, Morgan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.79, and their Forward P/E ratio for the next fiscal year is 11.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.56.
Stock Price History:
Over the past 52 weeks, MS has reached a high of $95.57, while it has fallen to a 52-week low of $69.42. The 50-Day Moving Average of the stock is 88.45, while the 200-Day Moving Average is calculated to be 85.25.
Shares Statistics:
The stock has traded on average 8.67M shares per day over the past 3-months and 7.05M shares per day over the last 10 days, according to various share statistics. A total of 1.63B shares are outstanding, with a floating share count of 1.25B. Insiders hold about 23.35% of the company’s shares, while institutions hold 62.47% stake in the company. Shares short for MS as of Mar 28, 2024 were 15.13M with a Short Ratio of 1.75, compared to 14.24M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.93% and a Short% of Float of 1.21%.
Dividends & Splits
In the trailing 12 months, MS’s forward annual dividend rate was 3.33, compared to 3.33 this year. Against a Trailing Annual Dividend Yield of 3.63%, it implies a Forward Annual Dividend Yield of 3.92%. The stock’s 5-year Average Dividend Yield is 2.93. The current Payout Ratio is 62.71% for MS, which recently paid a dividend on Feb 15, 2024 with an ex-dividend date of Jan 30, 2024. Stock splits for the company last occurred on Jan 27, 2000 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 16 different market analysts. On average, analysts expect EPS of $1.66 for the current quarter, with a high estimate of $1.85 and a low estimate of $1.51, while EPS last year was $1.55. The consensus estimate for the next quarter is $1.59, with high estimates of $1.67 and low estimates of $1.41.
Analysts are recommending an EPS of between $7.25 and $5.91 for the fiscal current year, implying an average EPS of $6.41. EPS for the following year is $7.36, with 21 analysts recommending between $7.81 and $6.95.
Revenue Estimates
15 analysts predict $14.41B in revenue for the current quarter. It ranges from a high estimate of $15B to a low estimate of $13.69B. As of the current estimate, Morgan Stanley’s year-ago sales were $13.92B, an estimated increase of 3.50% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $14.11B, an increase of 7.90% over than the figure of $3.50% in the same quarter last year. There is a high estimate of $14.67B for the next quarter, whereas the lowest estimate is $13.23B.
A total of 20 analysts have provided revenue estimates for MS’s current fiscal year. The highest revenue estimate was $58.51B, while the lowest revenue estimate was $54.52B, resulting in an average revenue estimate of $56.7B. In the same quarter a year ago, actual revenue was $54.14B, up 4.70% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $59.8B in the next fiscal year. The high estimate is $61.97B and the low estimate is $56.92B. The average revenue growth estimate for next year is up 5.50% from the average revenue estimate for this year.
