Microsoft Corp. Stock Rating Reaffirmed by JPMorgan Chase & Co. (MSFT)
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, ARN reports.
The analysts wrote, “Before the market open on Tuesday, MSFT announced a moderate increase to its quarterly dividend that was in line to slightly better than expected while replacing its existing share buyback program with one of equal size. With the company’s capital return plan set, together with other recent announcements, we believe the only significant catalyst remaining for MSFT is the company’s Analyst Day on September 19, at which time we think the company is likely to guide the Street down on FY14 EPS.”
A number of other analysts have also recently weighed in on MSFT. Analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Friday, September 13th. Separately, 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, September 13th. Finally, 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, September 9th.
Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have given a buy rating to the stock. Microsoft Corp. currently has an average rating of “Hold” and an average price target of $33.78.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.39% on Wednesday, hitting $33.06. The stock had a trading volume of 6,688,701 shares. Microsoft Corp. has a 1-year low of $26.26 and a 1-year high of $36.43. The stock’s 50-day moving average is $32.32 and its 200-day moving average is $32.14. The company has a market cap of $275.4 billion and a price-to-earnings ratio of 12.76.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.73 earnings per share. Microsoft Corp.’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Microsoft Corp. will post $2.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, November 19th.
In other Microsoft Corp. news, SVP Lisa E. Brummel sold 64,238 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.32, for a total value of $2,076,172.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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