Market Update (NASDAQ:MSFT): Microsoft is building a ‘concierge’ bot that acts like your personal assistant

[Business Insider] – Microsoft is building a Bing Concierge Bot — a new bot for messaging apps like WhatsApp… Read more on this. Microsoft Corporation (MSFT) , valued at $395.54B, started trading this morning at $50.47. Looking at the equity, the company’s one day range is $49.82 to $50.62 with a one year range of $39.72 to $56.85. MSFT shares are currently priced at 19.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.92x forward p/e ratio. The company pays shareholders $1.44 per share annually in dividends, yielding 2.78%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $2.66 which would be a $0.20 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.16 Billion. If reported, that would be a 0.09% decrease 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. When considering if the stock is under or overvalued, the average price target is $57.65, which is 14.23% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN) Market Update: Microsoft Corporation (NASDAQ:MSFT) – Slack CEO on why ‘hiring is like online dating’, pitfalls in building company culture Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Makes Windows 10 ‘Free Upgrades’ Worse