Morgan Stanley Reiterates Equal Weight Rating for Microsoft Corp. (MSFT)
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “equal weight” rating reiterated by Morgan Stanley in a research note issued on Friday, StockRatingsNetwork reports.
The analysts wrote, “MSFT provided interesting incremental detail on its underappreciated assets, highlighting the growth in its cloud businesses and strength in its enterprise assets. In FY13, Office 365 seats were +350% YoY and is now at $1.5B rev. run rate, Azure grew 200% and CRM Online was +80% YoY. The ramp in Cloud will necessitate higher capex with MSFT pointing to ~$6.5B in capex in FY14 vs. our model of $5.6B and FY13 of $4.3B. Near-term investments should better position MSFT long-term as Office 365 should lead to a larger overall Office rev. base by FY17. However, with little new detail on MSFT’s long term vision, it’s unlikely the Analyst Day changed investors’ perspective on the stock.”
A number of other firms have also recently commented on MSFT. Analysts at MKM Partners raised their price target on shares of Microsoft Corp. (NASDAQ:MSFT) from $28.00 to $30.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Wednesday.
Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.67.
Microsoft Corp. (NASDAQ:MSFT) traded down 2.00% on Friday, hitting $32.9675. The stock had a trading volume of 35,512,832 shares. 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 price-to-earnings ratio of 13.04.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly 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. Analysts expect that Microsoft Corp. will post $2.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Tuesday, November 19th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.23.
In other Microsoft Corp. news, SVP Lisa E. Brummel sold 64,238 shares of the stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.32, for a total transaction of $2,076,172.16. The sale was disclosed in a legal filing 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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