Morgan Stanley (MS) Monthly Report
Publication Date: September 22, 2024
Company Overview
Morgan Stanley (NYSE: MS) is a premier financial holding company based in New York City, specializing in the Capital Markets industry within the Financial Services sector. Founded in 1924, the firm operates globally across the Americas, Europe, the Middle East, Africa, and Asia, providing a comprehensive suite of financial products and services. These services are categorized into three main segments: Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley is well-regarded for its expertise in capital raising, financial advisory, brokerage, and personalized investment management services, catering to a diverse client base that includes individuals, corporations, and government entities. With a reported total revenue of approximately $56.12 billion, the company solidifies its substantial standing and stable performance in the financial services sector, appealing to cautious investors maintaining a “hold” position.
Stock Performance Overview
As of September 22, 2024, Morgan Stanley’s stock is trading at $102.47, reflecting a potential for growth within the market. Analysts have set a target high price of $121.00, indicating a bullish outlook for the stock’s future performance. The average target mean price stands at $104.41, while the target low price is projected at $73.60, suggesting a balanced risk-reward scenario tailored for investors. The stock’s current position is comfortably above its 52-week low of $69.42, showcasing recovery, yet remains below its 52-week high of $109.11, indicating further upside potential. The fifty-day moving average is recorded at $100.30, demonstrating favorable short-term momentum.
Market Sentiment and Share Activity
Morgan Stanley currently has approximately 1.62 billion shares outstanding, with a short interest of about 0.012 percent or around 14.86 million shares shorted. This relatively low percentage indicates minimal bearish sentiment among investors and suggests a moderate level of interest in short positions. With the recommendation key classified as “hold,” derived from a mean recommendation score of 2.7 across 17 analyst opinions, market sentiment is cautiously optimistic. This balanced approach implies that while investors may not find the stock a “strong buy” currently, there is no immediate necessity to divest holdings, especially given the company’s solid revenue figures and operational foundations.
| Metric | Value |
|---|---|
| Market Cap | $165.8b |
| Total Debt | $407.5b |
| Total Cash | $528.7b |
| Shares Outstanding | 1.6b |
| Float Shares | 1.2b |
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