Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Is It Time For Microsoft To Rebrand?

[at Forbes] – Microsoft CEO Satya Nadella has been creating a new company — perhaps it’s time for a new brand. Read more on this. Microsoft Corporation (MSFT) , valued at $402.06B, opened at $51.13. Looking at today’s trading action, the company’s one day range from $51.05 to $51.46 with its 52-week range being $39.72 to $56.85. Microsoft (MSFT) shares are currently priced at 19.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.87%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $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 $2.67, which would be a $0.21 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.17 Billion. If realized, that would be a 0.05% decrease 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. When considering if the stock is under or overvalued, the average price target is $57.76, which is 12.97% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Here’s Why Microsoft (MSFT) Stock Is Advancing Today Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Sues DoJ Over Data Request Order (MSFT) Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Rallies on Bullish Coverage, Making its Own SIM Card