Company Update (NASDAQ:MSFT): Vetr Top Raters Upgrade Microsoft

[Benzinga] – Despite the 3.7 percent surge seen in its stock price over the past month, shares of Microsoft Corporation (NASDAQ: MSFT ) are down 3.15 percent year-to-date. However, the recent recuperation probably … Read more on this. Microsoft Corporation (MSFT) , valued at $425.99B, opened this morning at $53.33. Shares have traded today between $52.93 and $53.93 per share with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 19.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.60x forward p/e ratio. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.69%. 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. Investors should also note that the full-year EPS estimate of $2.76 is 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 $22.10 Billion. If realized, that would be a 1.70% increase over the year-ago quarter. In terms of ratings, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. The average price target for MSFT shares by the analysts covering the stock is $58.73, which is 10.13% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Company Update: Microsoft Corporation (NASDAQ:MSFT) – Why Microsoft Just Bought More Minecraft 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