Microsoft’s “Neutral” Rating Reaffirmed at Citigroup Inc. (MSFT)
Microsoft (NASDAQ:MSFT)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Thursday. They currently have a $41.00 price objective on the stock, up from their previous price objective of $35.00. Citigroup Inc.’s price target indicates a potential upside of 0.34% from the stock’s previous close.
Microsoft (NASDAQ:MSFT) traded down 0.64% on Thursday, hitting $40.60. 8,333,325 shares of the company’s stock traded hands. Microsoft has a one year low of $30.84 and a one year high of $41.66. The stock’s 50-day moving average is $40.19 and its 200-day moving average is $38.49. The company has a market cap of $335.4 billion and a P/E ratio of 15.31. Microsoft also saw a significant decrease in short interest in May. As of May 30th, there was short interest totalling 77,254,371 shares, a decrease of 2.8% from the May 15th total of 79,466,801 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 24,274,737 shares, the short-interest ratio is currently 3.2 days.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Analysts expect that Microsoft will post $2.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Investors of record on Thursday, August 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 2.74%. The ex-dividend date of this dividend is Tuesday, August 19th.
A number of other analysts have also recently weighed in on MSFT. Analysts at FBR Capital Markets upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 5th. They now have a $49.00 price target on the stock, up previously from $43.00. Separately, analysts at Benchmark Co. reiterated an “average” rating on shares of Microsoft in a research note on Wednesday, May 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, April 25th. They now have a $42.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.79.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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