Microsoft Corp. Stock Rating Reaffirmed by Goldman Sachs Group Inc. (MSFT)
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “sell” rating restated by equities researchers at Goldman Sachs Group Inc. in a research report issued on Friday, StockRatingsNetwork.com reports.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.38% during mid-day trading on Friday, hitting $32.565. The stock had a trading volume of 6,262,190 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 $32.22 and its 200-day moving average is $31.99. The company has a market cap of $271.3 billion and a price-to-earnings ratio of 12.67.
Microsoft Corp. (NASDAQ:MSFT) last released its 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.
MSFT has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Morgan Stanley downgraded shares of Microsoft Corp. (NASDAQ:MSFT) from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, September 4th. They now have a $37.00 price target on the stock.
Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Microsoft Corp. presently has an average rating of “Hold” and an average target price of $33.69.
In other Microsoft Corp. news, SVP Lisa E. Brummel unloaded 64,238 shares of Microsoft Corp. stock in a transaction that occurred on 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 document filed 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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