The shares of Morgan Stanley (NYSE:MS) has been pegged with a rating of Outperform by Wells Fargo in its latest research note that was published on October 24th, 2018. Wells Fargo wasn’t the only research firm that published a report of Morgan Stanley, with other equities research analysts also giving their opinion on the stock. HSBC Securities advised investors in its research note published on October 2nd, 2018, to Hold the MS stock. The stock had earned Mkt Perform rating from Bernstein when it published its report on July 19th, 2018. The stock was given Underperform rating by Bernstein in its report released on April 10th, 2018. Atlantic Equities was of a view that MS is Overweight in its latest report on January 10th, 2018. Societe Generale thinks that MS is worth Hold rating. This was contained in the firm’s report on January 9th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 10 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $58.54. The price of the stock the last time has raised by 0.69% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 40.20.
The shares of the company dipped by -1.18% during the trading session on Thursday, reaching a low of $40.98 while ending the day at $42.61. During the trading session, a total of 17.54 million shares were traded which represents a -52.61% decline from the average session volume which is 11.49M shares. MS had ended its last session trading at 43.12. Morgan Stanley currently has a market cap of $73.49B, while its P/E ratio stands at 9.02, while its P/E earnings growth sits at 1.48, with a beta of 1.26. Morgan Stanley debt-to-equity ratio currently stands at 6.08, while its quick ratio hovers at . MS 52-week low price stands at $42.32 while its 52-week high price is $59.38.
The company in its last quarterly report recorded $1.17 earnings per share which is above the $1.01 predicted by most analysts. The Morgan Stanley generated $9,872.00 million in revenue during the last quarter, which is slightly higher than the $9,546.74 million predicted by analysts. In the second quarter last year, the firm recorded $1.25 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.84%. Morgan Stanley has the potential to record 4.73 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Credit Suisse published a research note on October 15th, 2018 where it informed investors and clients that Cleveland-Cliffs Inc. (NYSE:CLF) is now rated as Neutral. HSBC Securities also rated CLF as Downgrade on October 2nd, 2018, with its price target of $75 suggesting that CLF could surge by 32.56% from its current share price. Even though the stock has been trading at $9.14/share, analysts expect it to surge higher by -1.20% to reach $13.39/share. It started the day trading at $9.03 and traded between $8.67 and $9.03 throughout the trading session.
A look at its technical shows that CLF’s 50-day SMA is 10.77 while its 200-day SMA stands at 9.24. The company’s average trading volume currently stands at 9.77M shares, which means that the short-interest ratio is just 4.99 days. Over the past seven days, the company moved, with its shift of -3.63%. Looking further, the stock has dropped -13.01% over the past 90 days while it gained 6.86% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more CLF shares, increasing its portfolio by +14.96% during the last quarter. This move now sees The Vanguard Group Inc purchasing 3,885,899 shares in the last quarter, thus it now holds 29,868,176 shares of CLF, with a total valuation of $321,381,574. BlackRock Fund Advisors meanwhile bought more CLF shares in the recently filed quarter, changing its stake to $198,167,404 worth of shares. Ruffer LLP followed the path by increasing its CLF portfolio by +15.88% in the quarter. This means that Ruffer LLP bought 2,198,515 shares in the last quarter and now controls 16,040,992 shares of the CLF stock, with the valuation hitting $172,601,074.
Similarly, SSgA Funds Management Inc decreased its Cleveland-Cliffs Inc. shares by -16.07% during the recently filed quarter. Following these latest developments, around 0.10% of Cleveland-Cliffs Inc. stocks are owned by institutional investors and hedge funds.