Morgan Stanley (NYSE: MS) has reported E.P.S. of $1.91 for its third fiscal quarter (ending September 30) versus $1.39 for the same period a year ago — an increase of 37%. This performance was $0.32 better than the consensus estimate of $1.59. E.P.S. were $6.65 for the latest four quarters through September 30 versus $5.65 for the same period a year ago — an increase of 18%.
Recent Price Action
Morgan Stanley (NYSE: MS) stock closed at $119.51 on 10/16/24 after a very large increase of 6.5%. Moreover, trading volume in this advance was exceptionally high at 389% of normal. The stock has been strong relative to the market over the last nine months and has risen 11.2% during the last week.
Current PriceTarget Research Rating
MS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Morgan Stanley has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Morgan Stanley has a good Appreciation Score of 84 and a good Power Rating of 84, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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