Stock Update (NASDAQ:MSFT): Microsoft (MSFT) Stock Rises During Management Reorganization

[at TheStreet] – Microsoft’s (MSFT) CEO Satya Nadella announced today that the company’s senior executive ranks would be reshaped in the absence of COO Kevin Turner. Read more on this. Microsoft Corporation (MSFT) , currently valued at $405.09B, began trading this morning at $51.42. During the trading session, MSFT traded between $51.29 to $51.61 with the price of the stock fluctuating between $39.72 to $56.85 over the last 52 weeks. Priced at 19.24x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry’s -0.98x forward p/e ratio. 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 $0.08 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 predicated on a consensus revenue forecast of $22.15 Billion. If reported, that would be a 0.14% decrease over the year-ago quarter. 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 $58.13, which is 13.05% above than it opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Stock Still a Buy on Cloud Momentum (MSFT) 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