Company Update: Morgan Stanley (NYSE:MS) – MOVES-Morgan Stanley names two to lead corporate trading in N. America

[Reuters] – Morgan Stanley has named John Gally and Ed Bayliss to lead corporate trading in North America, which includes investment-grade, high-yield, index and leveraged loan trading, according to an internal memo. … Read more on this. Morgan Stanley (MS) , valued at $53.20B, opened this morning at $27.51. Looking at the equity, the company’s one day range is $27.23 to $27.71 and has traded between $21.16 and $41.04 over the past 12 months. MS shares are currently priced at 11.62x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.42x earnings multiple for the same period. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 2.17%. According to a consensus of 23 analysts, the earnings estimate of $0.63 per share would be $0.16 worse than the year-ago quarter and a $0.14 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.37, which would be a $0.33 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.48 Billion. If realized, that would be a 11.30% decrease over the year-ago quarter. In terms of ratings, Portales Partners upgraded MS from Underperform to Sector Perform (Feb 16, 2016). Previously, JP Morgan upgraded MS from Neutral to Overweight. Investors should keep in mind is that the average price target is $32.30, which is 17.41% above where the stock opened this morning. See more in (NYSE:MS) Similar Articles: Company Update: Morgan Stanley (NYSE:MS) – LPC: Morgan Stanley tops first quarter U.S. CLO league tables Stock Update: Morgan Stanley (NYSE:MS) – Sell the recent equity rally, says Morgan Stanley Market Update (NYSE:MS): Morgan Stanley Wealth Management Launches Enhanced UMA Trading Capability for Financial Advisors