In a report released yesterday, Mike Mayo from Wells Fargo maintained a Hold rating on Morgan Stanley (MS). The company’s shares closed last Friday at $33.85.
According to TipRanks.com, Mayo is a 2-star analyst with an average return of -0.1% and a 48.1% success rate. Mayo covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, JPMorgan Chase & Co., and Goldman Sachs Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morgan Stanley with a $50.36 average price target, which is a 50.1% upside from current levels. In a report issued on April 2, Deutsche Bank also maintained a Hold rating on the stock with a $49.00 price target.
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The company has a one-year high of $57.57 and a one-year low of $27.21. Currently, Morgan Stanley has an average volume of 18.25M.
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Morgan Stanley operates as a global financial services company. The firm 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. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan on September 16, 1935 and is headquartered in New York, NY.