Stock Update (NASDAQ:MSFT): Microsoft stock upgraded after Goldman Sachs admits it was wrong

[at MarketWatch] – Shares of Microsoft Corp. rose 0.3% on Friday after Goldman Sachs upgraded to stock to neutral from sell on the company’s cloud computing opportunities through Office 365 and Azure. Analyst Heather Bellini … Read more on this. Microsoft Corporation (MSFT) , currently valued at $439.26B, began trading this morning at $55.69. During today’s session, MSFT traded between $54.94 to $56.00 and has traded between $39.72 and $56.79 over the past 12 months. Microsoft (MSFT) shares are currently priced at 20.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.45x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.61%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.71 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.76 would be a $0.30 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $25.22 Billion. If realized, that would be a 4.72% decrease over the year-ago quarter. In terms of ratings, Stifel upgraded MSFT from Hold to Buy (Aug 13, 2015). Previously, Wunderlich Initiated MSFT at to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $56.61, which is 1.65% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft stock upgraded to neutral but analysts remain cautious Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up