Market Update: Microsoft Corporation (NASDAQ:MSFT) – RBC Likes Microsoft, Says Stock Now Worth $65

[Benzinga] – Microsoft Corporation (NASDAQ: MSFT ) stock is now worth $65, according to analysts at RBC Capital Markets whom believe that sales, earnings and gross profits will pivot to growth in F2H16 and increase … Read more on this. Microsoft Corporation (MSFT) , valued at $432.27B, started the session at $54.31. Shares have traded today between $53.77 and $54.40 per share with the price of the stock fluctuating between $39.72 to $56.85 over the last 52 weeks. MSFT shares are currently priced at 20.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.55x earnings multiple. And for passive income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.60%. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $0.71 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.75, which would be a $0.29 better than last year. 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, BofA/Merrill upgraded MSFT from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $57.00, which is 4.95% above than it 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