Barclays (NYSE:BCS) Earns “Equal Weight” Rating from Morgan Stanley


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Barclays (NYSE:BCS)‘s stock had its “equal weight” rating reaffirmed by analysts at Morgan Stanley in a research note issued to investors on Tuesday, The Fly reports.

Several other research analysts have also weighed in on BCS. Credit Suisse Group raised Barclays from a “neutral” rating to an “outperform” rating in a research report on Monday, March 22nd. The Goldman Sachs Group raised shares of Barclays from a “neutral” rating to a “buy” rating in a research report on Thursday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Barclays in a research note on Tuesday, February 23rd. Exane BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research note on Monday, January 18th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Barclays in a research note on Thursday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.

Shares of BCS opened at $10.36 on Tuesday. The company has a market capitalization of $44.94 billion, a PE ratio of 17.86, a PEG ratio of 4.13 and a beta of 1.58. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.52 and a current ratio of 1.50. The company’s 50 day moving average price is $9.61 and its 200 day moving average price is $7.60. Barclays has a 52 week low of $4.20 and a 52 week high of $10.41.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Thursday, February 18th. The financial services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.12). Barclays had a net margin of 9.05% and a return on equity of 3.22%. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.19 billion. On average, equities analysts forecast that Barclays will post 0.43 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Barclays by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,859,690 shares of the financial services provider’s stock valued at $142,699,000 after buying an additional 1,269,857 shares during the last quarter. Eaton Vance Management boosted its stake in Barclays by 113.2% during the 4th quarter. Eaton Vance Management now owns 39,564 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 21,005 shares during the period. Virtu Financial LLC acquired a new stake in Barclays in the 4th quarter valued at approximately $436,000. Rehmann Capital Advisory Group bought a new position in Barclays in the 4th quarter worth approximately $87,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Barclays during the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 1.89% of the company’s stock.

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, rest of Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (NYSE:BCS)

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