Market Update (NASDAQ:MSFT): Microsoft Is Headed for a Deep Pullback: Must-See Charts

[at TheStreet] – Microsoft remains close to its 2015 peak, but a deep pullback could be on the way. Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $446.92B, started trading this morning at $55.35. Looking at the equity, the company’s one day range is $54.98 to $55.95 and has traded between $39.72 and $56.79 over the past 12 months. Priced at 20.24x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry’s 9.02x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.44 per share annually in dividends, yielding 2.59%. According to a consensus of 27 analysts, the earnings estimate of $0.71 per share would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $2.75 is a $0.29 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $25.23 Billion. If reported, that would be a 4.68% decrease over the year-ago quarter. In terms of ratings, Goldman upgraded MSFT from Sell to Neutral (Dec 18, 2015). Previously, Stifel upgraded MSFT from Hold to Buy. The average price target for MSFT shares by the analysts covering the stock is $57.00, which is 2.98% 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 Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Up on New Financial Reporting Structure Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up