Oppenheimer analyst Chris Kotowski maintained a Buy rating on Morgan Stanley (MS) today and set a price target of $76.00. The company’s shares closed last Monday at $54.02.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 12.5% and a 71.1% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Goldman Sachs Group, and Blackstone Group.
Currently, the analyst consensus on Morgan Stanley is a Moderate Buy with an average price target of $61.17.
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Based on Morgan Stanley’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $13.38 billion and net profit of $2.24 billion. In comparison, last year the company earned revenue of $11.79 billion and had a net profit of $1.53 billion.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MS in relation to earlier this year.
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.
