Microsoft Rating Reiterated by Barclays (MSFT)
Microsoft (NASDAQ:MSFT)‘s stock had its “overweight” rating reissued by analysts at Barclays in a research report issued to clients and investors on Thursday. They currently have a $51.00 target price on the stock, up from their previous target price of $50.00. Barclays’ price target points to a potential upside of 13.43% from the stock’s previous close.
In other Microsoft news, COO Brian Kevin Turner sold 166,163 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $45.15, for a total value of $7,502,259.45. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Microsoft (NASDAQ:MSFT) traded up 0.15% during mid-day trading on Thursday, hitting $45.028. The stock had a trading volume of 4,337,127 shares. Microsoft has a one year low of $30.95 and a one year high of $45.71. The stock’s 50-day moving average is $44. and its 200-day moving average is $41.14. The company has a market cap of $371.0 billion and a price-to-earnings ratio of 17.10. Microsoft also saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 86,181,905 shares, a decrease of 3.6% from the July 31st total of 89,401,631 shares. Based on an average daily volume of 27,385,733 shares, the short-interest ratio is presently 3.1 days. Currently, 1.1% of the company’s stock are short sold.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.52 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.59 earnings per share. Microsoft’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that Microsoft will post $2.72 EPS for the current fiscal year.
MSFT has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Wednesday, August 27th. They now have a $47.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Microsoft from $44.00 to $45.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday, July 23rd. They now have a $50.00 price target on the stock, up previously from $47.50. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.29.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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