Is Morgan Stanley (NYSE:MS), -0.32% Below Its High, Poised For A Strong Recovery?

In last trading session, Morgan Stanley (NYSE:MS) saw 6.85 million shares changing hands with its beta currently measuring 1.35. Company’s recent per share price level of $121.06 trading at $1.62 or 1.36% at ring of the bell on the day assigns it a market valuation of $195.86B. That closing price of MS’s stock is at a discount of -0.32% from its 52-week high price of $121.45 and is indicating a premium of 42.66% from its 52-week low price of $69.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.5 million shares which gives us an average trading volume of 6.07 million if we extend that period to 3-months.

For Morgan Stanley (MS), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.57. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Morgan Stanley (NYSE:MS) trade information

Upright in the green during last session for gaining 1.36%, in the last five days MS remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $121.06 price level, adding 0.32% to its value on the day. Morgan Stanley’s shares saw a change of 29.82% in year-to-date performance and have moved 9.60% in past 5-day. Morgan Stanley (NYSE:MS) showed a performance of 20.18% in past 30-days. Number of shares sold short was 16.37 million shares which calculate 2.82 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 107 to the stock, which implies a fall of -13.14% to its current value. Analysts have been projecting 45 as a low price target for the stock while placing it at a high target of 133. It follows that stock’s current price would jump 62.83% in reaching the projected high whereas dropping to the targeted low would mean a gain of 62.83% for stock’s current value.

Morgan Stanley (MS) estimates and forecasts

Statistics highlight that Morgan Stanley is scoring comparatively higher than the scores of other players of the relevant industry. The company added 33.53% of value to its shares in past 6 months, showing an annual growth rate of 27.84% while that of industry is 22.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.84% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 40.26% while estimates for its earnings growth in next 5 years are of 16.08%.

MS Dividends

Morgan Stanley is more likely to be releasing its next quarterly report on 2025-Jan-16 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.87%, the share has a forward dividend of 3.48 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.0%.

Morgan Stanley (NYSE:MS)’s Major holders

Insiders are in possession of 23.65% of company’s total shares while institution are holding 61.79 percent of that, with stock having share float percentage of 80.94%. Investors also watch the number of corporate investors in a company very closely, which is 61.79% institutions for Morgan Stanley that are currently holding shares of the company. MITSUBISHI UFJ FINANCIAL GROUP INC is the top institutional holder at MS for having 377.09 million shares of worth $36.65 billion. And as of 2024-06-30, it was holding 23.5531 of the company’s outstanding shares.

The second largest institutional holder is STATE STREET CORP, which was holding about 110.27 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.8875 of outstanding shares, having a total worth of $10.72 billion.