In a report released today, Gerard Cassidy from RBC Capital maintained a Buy rating on Morgan Stanley (MS), with a price target of $60. The company’s shares opened today at $47.55.
According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 30.4% and a 83.7% success rate. Cassidy covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, Northern Trust, and BNY Mellon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morgan Stanley with a $56.67 average price target, implying a 19.2% upside from current levels. In a report released yesterday, JMP Securities also reiterated a Buy rating on the stock with a $55 price target.
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Morgan Stanley’s market cap is currently $82.03B and has a P/E ratio of 10.07. The company has a Price to Book ratio of 1.13.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management.
