Stock Update: Morgan Stanley (NYSE:MS) – Morgan Stanley Healthy Cities Arrives in New Orleans, LA; Thousands to Receive Health, Nutrition and Wellness Programming

[Business Wire] – Morgan Stanley today announced New Orleans as its eighth Healthy Cities location and officially kicked off the program with a playground build at Lake Forest Charter School. Read more on this. Morgan Stanley (MS) , valued at $52.14B, began trading this morning at $26.85. Shares have traded today between $26.68 and $27.17 per share with its 52-week range being $21.16 to $41.04. MS shares are currently priced at 11.18x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.24x forward p/e ratio. The company pays shareholders $0.60 per share annually in dividends, yielding 2.29%. 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 $0.13 sequential decrease. Investors should also note that the full-year EPS estimate of $2.38 is a $0.32 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.44 Billion. If realized, that would be a 11.72% decrease over the year-ago quarter. Recently, Portales Partners upgraded MS from Underperform to Sector Perform (Feb 16, 2016). Previously, JP Morgan upgraded MS from Neutral to Overweight. The average price target for MS shares is $32.30, which is 20.30% above where the stock opened this morning. See more in (NYSE:MS) Similar Articles: Company Update: Morgan Stanley (NYSE:MS) – MOVES-Morgan Stanley names two to lead corporate trading in N. America Stock Update: Morgan Stanley (NYSE:MS) – California sues Morgan Stanley over mortgage losses Stock Update: Morgan Stanley (NYSE:MS) – Sell the recent equity rally, says Morgan Stanley