Microsoft PT Raised to $45.00 at Cowen and Company (MSFT)
Stock analysts at Cowen and Company hoisted their price objective on shares of Microsoft (NASDAQ:MSFT) from $44.00 to $45.00 in a report issued on Wednesday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price objective points to a potential upside of 0.29% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday. They now have a $50.00 price target on the stock, up previously from $47.50. Separately, analysts at Deutsche Bank upgraded shares of Microsoft from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $47.00 price target on the stock, up previously from $35.00. Finally, analysts at Oppenheimer raised their price target on shares of Microsoft from $45.00 to $50.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.47.
Microsoft (NASDAQ:MSFT) traded up 0.09% during mid-day trading on Wednesday, hitting $44.87. The stock had a trading volume of 52,332,684 shares. Microsoft has a one year low of $30.84 and a one year high of $45.71. The stock has a 50-day moving average of $41.97 and a 200-day moving average of $39.45. The company has a market cap of $370.6 billion and a price-to-earnings ratio of 16.80.
Microsoft (NASDAQ:MSFT) last released its earnings data on Tuesday, July 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.09. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.11 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts predict that Microsoft will post $2.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, August 19th.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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