BMO Capital Markets Increases Microsoft Corp. Price Target to $37.00 (MSFT)
Equities researchers at BMO Capital Markets boosted their price objective on shares of Microsoft Corp. (NASDAQ:MSFT) from $34.00 to $37.00 in a research report issued on Monday, AR Network reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 8.35% from the stock’s previous close.
Microsoft Corp. (NASDAQ:MSFT) traded down 1.73% during mid-day trading on Monday, hitting $34.15. The stock had a trading volume of 72,551,008 shares. Microsoft Corp. has a 52-week low of $26.26 and a 52-week high of $36.43. The stock’s 50-day moving average is $32.92 and its 200-day moving average is $31.55. The company has a market cap of $284.5 billion and a P/E ratio of 13.47. Microsoft Corp. also was the target of unusually large options trading on Friday. Investors bought 317,384 call options on the stock. This is an increase of approximately 177% compared to the typical daily volume of 114,418 call options.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings data on Thursday, July 18th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.16. The company had revenue of $19.90 billion for the quarter, compared to the consensus estimate of $20.73 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Microsoft Corp. will post $2.75 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer reiterated a “positive” rating on shares of Microsoft Corp. in a research note to investors on Friday. Separately, analysts at Nomura upgraded shares of Microsoft Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $38.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Microsoft Corp. in a research note to investors on Thursday, August 15th. They now have a $28.00 price target on the stock.
Two analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.02.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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