Morgan Stanley Direct Lending (NYSE:MSDL) Receives $21.42 Consensus Price Target from Analysts

Shares of Morgan Stanley Direct Lending (NYSE:MSDL) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.42.

MSDL has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. UBS Group cut shares of Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price objective for the company. in a report on Thursday, July 18th. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut their price target on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, July 29th.

Morgan Stanley Direct Lending Price Performance

MSDL stock opened at $20.22 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50-day moving average is $19.95 and its 200-day moving average is $20.04. The stock has a market capitalization of $1.81 billion and a PE ratio of 6.81. Morgan Stanley Direct Lending has a 1 year low of $19.05 and a 1 year high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $104.19 million during the quarter, compared to analysts’ expectations of $101.60 million. Morgan Stanley Direct Lending had a return on equity of 12.57% and a net margin of 60.60%. Equities research analysts expect that Morgan Stanley Direct Lending will post 2.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Morgan Stanley Direct Lending

Hedge funds have recently modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of Morgan Stanley Direct Lending during the third quarter valued at approximately $32,000. Muzinich & Co. Inc. bought a new position in Morgan Stanley Direct Lending in the 3rd quarter valued at $68,000. Quadrature Capital Ltd purchased a new stake in shares of Morgan Stanley Direct Lending during the 1st quarter valued at $223,000. Virtu Financial LLC purchased a new stake in shares of Morgan Stanley Direct Lending during the 1st quarter valued at $223,000. Finally, Caprock Group LLC bought a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter worth $245,000.

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.