Microsoft Corp. Receives Buy Rating from TheStreet (MSFT)
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “buy” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports.
The analysts wrote, “Microsoft Corporation (MSFT) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.30% during mid-day trading on Friday, hitting $32.5905. 6,170,115 shares of the company’s stock traded hands. Microsoft Corp. has a 1-year low of $26.26 and a 1-year high of $36.43. The stock has a 50-day moving average of $32.22 and a 200-day moving average of $31.99. The company has a market cap of $271.5 billion and a price-to-earnings ratio of 12.67.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Microsoft Corp. will post $2.76 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Friday. Separately, analysts at Thomson Reuters/Verus upgraded shares of Microsoft Corp. (NASDAQ:MSFT) from a “hold” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Wednesday, September 4th. They now have a $34.00 price target on the stock, up previously from $32.00.
Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.69.
In other Microsoft Corp. news, SVP Lisa E. Brummel unloaded 64,238 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.32, for a total transaction of $2,076,172.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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