Key Highlights:
- Morgan Stanley (MS, Financial) faces tax evasion allegations concerning Dutch dividends from 2009 to 2013, involving EUR 124 million.
- Wall Street analysts provide a mixed forecast with a "Hold" recommendation for MS stock.
- Current market conditions suggest a slight downside from the MS stock price.
Morgan Stanley (MS) is under scrutiny for alleged tax evasion involving significant sums related to Dutch dividends between 2009 and 2013. This probe by Dutch authorities targets a substantial EUR 124 million in withholding tax associated with EUR 825 million in dividends. The repercussions of these allegations have been felt on Wall Street, as evidenced by a 1.1% decline in the bank's stock price.
Wall Street Analysts Forecast
Price targets provided by 16 renowned analysts put Morgan Stanley (MS, Financial) on an intriguing trajectory. The average target price stands at $126.31, with projections ranging from a low of $110.00 to a high of $156.00. This average forecast implies a 1.16% downside from MS's current trading price of $127.80. For a deeper dive into these estimates, visit the Morgan Stanley (MS) Forecast page.
The consensus from 23 brokerage firms results in an average brokerage recommendation of 2.6 for Morgan Stanley (MS, Financial), reflecting a "Hold" position. The rating scale used ranges from 1, indicating a Strong Buy, to 5, denoting a Sell recommendation.
According to GuruFocus, the estimated GF Value for Morgan Stanley (MS, Financial) is projected to be $124.62 within a year. This presents a potential downside of 2.49% from its current price of $127.80. The GF Value is a comprehensive estimate derived from the stock's historical trading multiples, its previous business growth, and future performance estimates. Detailed insights can be accessed on the Morgan Stanley (MS) Summary page.
