Microsoft Corp. PT Raised to $30.00 at MKM Partners (MSFT)
Investment analysts at MKM Partners lifted their target price on shares of Microsoft Corp. (NASDAQ:MSFT) from $28.00 to $30.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ price objective suggests a potential downside of 10.82% from the company’s current price.
A number of other analysts have also recently weighed in on MSFT. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Wednesday. They now have a $34.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Wednesday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Friday, September 13th.
Three research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the stock. Microsoft Corp. has an average rating of “Hold” and a consensus target price of $33.67.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 2.01% during mid-day trading on Friday, hitting $32.963. 35,517,932 shares of the company’s stock traded hands. Microsoft Corp. has a 52 week low of $26.26 and a 52 week high of $36.43. The stock has a 50-day moving average of $32.4 and a 200-day moving average of $32.19. The company has a market cap of $274.6 billion and a P/E ratio of 13.04.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results 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 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 3.33%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.23.
In other Microsoft Corp. news, SVP Lisa E. Brummel sold 64,238 shares of Microsoft Corp. stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.32, for a total value of $2,076,172.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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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