What just happened? Morgan Stanley (NYSE:MS) stock value has climbed by nearly 5.73% or (3.03 points) to $55.97 from its previous close of $52.94. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 9925253 contracts so far this session. MS shares had a relatively better volume day versus average trading capacity of 8.75 million shares, but with a 1.23 billion float and a 2.66% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MS stock indicates that the average analyst price target is $57 per share. This means the stock has a potential increase of 1.84% from where the MS share price has been trading recently.
During the recent trading session for Morgan Stanley (NYSE:MS), the company witnessed their stock rise $4.37 over a week and surge $5.53 from the price 20 days ago. When compared to their established 52-week high of $56.94, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/16/20. The recent low of $38.76 stood for a 5.13% since 08/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.34 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Morgan Stanley, the two-week RSI stands at 82.5. This figure suggests that MS stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current MS readings is similarly very revealing as it has a stochastic reading of 89.12% at this stage. This figure means that MS share price today is being oversold.
Technical chart claims that Morgan Stanley (MS) would settle between $53.22/share to $53.49/share level. However, if the stock price goes below the $52.39 mark, then the market for Morgan Stanley becomes much weaker. If that happens, the stock price might even plunge as low as $51.83 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.54. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at JMP Securities lowered their recommendation on shares of MS from Mkt Outperform to Mkt Perform in their opinion released on January 13. DA Davidson, analysts launched coverage of Morgan Stanley (NYSE:MS) stock with a Buy recommendation, according to their flash note issued to investors on January 09. Analysts at Deutsche Bank lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to January 06.
MS equity has an average rating of 2.38, with the figure leaning towards a bullish end. 24 analysts who tracked the company were contacted by Reuters. Amongst them, 7 rated the stock as a hold while the remaining 17 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 16 analysts rated Morgan Stanley (NYSE:MS) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, MS stock price is currently trading at 10.26X forward 12-month Consensus EPS estimates, and its P/E ratio is 11.3 while for the average stock in the same group, the multiple is 14.6. Morgan Stanley current P/B ratio of 1.2 means it is trading at a discount against its industry’s 1.7.
Morgan Stanley (MS)’s current-quarter revenues are projected to climb by nearly 13.7% to hit $9.72 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 0.3% from $40.11 billion to a noteworthy $40.22 billion. At the other end of the current quarter income statement, Morgan Stanley is expected to see its adjusted earnings surge by roughly 23.7% to hit $0.99 per share. For the fiscal year, MS’s earnings are projected to climb by roughly 3.4% to hit $4.89 per share.