Is Morgan Stanley (NYSE:MS) Now a Sell? Why did HSBC Downgrade The Stock?

October 2, 2018 - By olga

Morgan Stanley (NYSE:MS) Logo

Investors sentiment increased to 0.96 in 2018 Q2. Its up 0.12, from 0.84 in 2018Q1. It increased, as 65 investors sold Morgan Stanley shares while 298 reduced holdings. 88 funds opened positions while 260 raised stakes. 1.44 billion shares or 2.87% less from 1.48 billion shares in 2018Q1 were reported.

Federated Invsts Pa stated it has 0.09% in Morgan Stanley (NYSE:MS). Alps holds 0% in Morgan Stanley (NYSE:MS) or 7,787 shares. Bank & Trust Of Nova Scotia, a Ontario – Canada-based fund reported 432,948 shares. Commonwealth Of Pennsylvania School Empls Retrmt has 0.09% invested in Morgan Stanley (NYSE:MS). Sterling Cap Ltd Liability Corp owns 220,422 shares. Convergence Invest Prtn Lc reported 113,088 shares stake. Marathon Capital Mngmt reported 4,550 shares. 15.44 million are owned by State Bank Of America De. 225 were accumulated by Professionals Incorporated. Scotia Capital owns 32,617 shares for 0.02% of their portfolio. Blb&B Advsrs Limited Liability Company owns 6,045 shares. Hourglass Cap Ltd owns 2.46% invested in Morgan Stanley (NYSE:MS) for 207,369 shares. Cordasco Financial Network accumulated 447 shares. Sun Life Inc stated it has 0.02% of its portfolio in Morgan Stanley (NYSE:MS). The Illinois-based Rothschild Il has invested 0.18% in Morgan Stanley (NYSE:MS).

Morgan Stanley (NYSE:MS) Receives a Downgrade

In a research report issued to clients on Tuesday, 2 October, professional analysts at HSBC’s equities division downgraded the rating for Morgan Stanley (NYSE:MS) shares from the previous “Buy” to a “Hold”.

Morgan Stanley (NYSE:MS) Ratings Coverage

Among 6 analysts covering Morgan Stanley (NYSE:MS), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Morgan Stanley has $63 highest and $51 lowest target. $58.50’s average target is 25.46% above currents $46.63 stock price. Morgan Stanley had 7 analyst reports since April 4, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Thursday, April 19. The firm has “Neutral” rating given on Friday, July 20 by Citigroup. The firm has “Buy” rating given on Wednesday, April 4 by Keefe Bruyette & Woods. As per Monday, April 9, the company rating was maintained by Sandler O’Neill. The rating was upgraded by Bernstein to “Market Perform” on Thursday, July 19. The firm has “Equal-Weight” rating given on Thursday, April 19 by Barclays Capital.

The stock increased 0.13% or $0.06 during the last trading session, reaching $46.63. About 9.71 million shares traded or 11.46% up from the average. Morgan Stanley (NYSE:MS) has risen 3.78% since October 2, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Analysts await Morgan Stanley (NYSE:MS) to report earnings on October, 16. They expect $1.12 earnings per share, up 20.43 % or $0.19 from last year’s $0.93 per share. MS’s profit will be $1.95 billion for 10.41 P/E if the $1.12 EPS becomes a reality. After $1.30 actual earnings per share reported by Morgan Stanley for the previous quarter, Wall Street now forecasts -13.85 % negative EPS growth.

Morgan Stanley, a financial holding company, provides various financial services and products to firms, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $81.36 billion. The companyÂ’s Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. It has a 11.87 P/E ratio. This segment also provides sales and trading services, such as sales, financing, and market-making services in equity securities and fixed income products, including foreign exchange and commodities, as well as prime brokerage services; corporate loans, commercial and residential mortgage lending, and asset-backed lending; financing for equities and commodities customers; loans to municipalities; and investments and research services.

More recent Morgan Stanley (NYSE:MS) news were published by: Bizjournals.com which released: “Banking Roundup: Wells Fargo to cut thousands of jobs… BofA ordered to pay $30M… JPMorgan adding branches” on September 26, 2018. Also Benzinga.com published the news titled: “Flat Yield Curve, Geopolitical Uncertainty Weighing On Financials Ahead Of Q3 Earnings” on October 01, 2018. Seekingalpha.com‘s news article titled: “Morgan Stanley’s China M&A Move” with publication date: September 17, 2018 was also an interesting one.

Morgan Stanley (NYSE:MS) Institutional Positions Chart

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