Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) had its target price lowered by Wells Fargo & Company from $21.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 0.20% from the stock’s previous close.
Morgan Stanley Direct Lending Stock Performance
Shares of MSDL stock opened at $20.04 on Monday. The firm has a market cap of $1.77 billion and a price-to-earnings ratio of 7.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. Morgan Stanley Direct Lending has a 52 week low of $19.28 and a 52 week high of $24.18. The firm’s 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $20.48.
Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.06). The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $107.02 million. Morgan Stanley Direct Lending had a return on equity of 12.69% and a net margin of 54.89%. As a group, equities analysts forecast that Morgan Stanley Direct Lending will post 2.56 earnings per share for the current year.
Institutional Trading of Morgan Stanley Direct Lending
About Morgan Stanley Direct Lending
Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.
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