Microsoft Corp. Given Buy Rating at TheStreet (MSFT)
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Friday, Stock Ratings News 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.50% during mid-day trading on Friday, hitting $33.93. 8,334,576 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 $32.95 and a 200-day moving average of $32.74. The company has a market cap of $282.6 billion and a price-to-earnings ratio of 13.09.
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 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. On average, analysts predict that Microsoft Corp. will post $2.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 12th. Investors 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 3.32%. The ex-dividend date of this dividend is Tuesday, November 19th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.23.
A number of other analysts have also recently weighed in on MSFT. Analysts at UBS AG cut their EPS estimates on shares of Microsoft Corp. in a research note on Tuesday. They now have a “buy” rating and a $37.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Friday, September 20th. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Microsoft Corp. in a research note to investors on Friday, September 20th. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.51.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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