Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN)

[at Investopedia] – It could be a mistake to part with MSFT stock, especially now that it has BMW–and who knows what else–in its driveway. Read more on this. Microsoft Corporation (MSFT) , currently valued at $436.91B, started trading this morning at $55.11. During today’s session, MSFT traded between $54.57 to $55.25 with a one year range of $39.72 to $56.85. MSFT shares are currently priced at 20.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.05x forward p/e ratio. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.69%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.64 per share, which 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 predicated on a consensus revenue forecast of $22.10 Billion. If reported, 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 it is $58.73, which is 6.57% above where the stock opened. See more in (NASDAQ:MSFT) Similar Articles: Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Confirms Windows 10 Important Mobile Fix Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Nissan selects Microsoft Azure to power Nissan Telematics System Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow