Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Why Oppenheimer Sees Big Upside in Microsoft Now

[at 24/7 Wall St.] – Oppenheimer is assuming coverage of Microsoft with an Outperform rating and a $62 price target, due to the company’s vision of a mobile first, cloud world. Read more on this. Microsoft Corporation (MSFT) , valued at $432.32B, started the session at $54.21. During the trading session, MSFT traded between $54.00 to $54.75 with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 19.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.79x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.71%. According to a consensus of 29 analysts, the earnings estimate of $0.64 per share would be $0.03 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.76, which would be a $0.30 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.08 Billion. If reported, that would be a 1.61% increase over the year-ago quarter. More recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. Given all the information above, we should disclose to readers that the average price target is $58.55, which is 8.01% above than it opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Rallies on Bullish Coverage, Making its Own SIM Card 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