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Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Rallies on Bullish Coverage, Making its Own SIM Card

[at TheStreet] – Microsoft (MSFT) shares are jumping on Friday morning after BMO Capital Markets initiated coverage of the stock with an ‘outperform’ rating. Read more on this. Microsoft Corporation (MSFT) , currently valued at $418.01B, started the session at $52.45. Looking at today’s trading action, the company’s one day range from $52.15 to $53.28 with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 18.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.42x earnings multiple. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.62%. In a review of the consensus earnings estimate this quarter, 27 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. What we find to be interesting is 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 based on a consensus revenue forecast of the current quarter of $25.23 Billion. If realized, that would be a 4.68% decrease over the year-ago quarter. Recently, BMO Capital Markets Initiated MSFT at Outperform (Jan 8, 2016). Previously, Goldman upgraded MSFT from Sell to Neutral. The average price target for MSFT shares is $57.45, which is 9.53% 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 Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft is making its Siri competitor culturally aware
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