Analysts at FBR Capital Markets raised their target price on shares of Microsoft Corp. (NASDAQ:MSFT) from $32.00 to $38.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective points to a potential upside of 1.14% from the company’s current price.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 37.57 on Monday. Microsoft Corp. has a 52 week low of $26.26 and a 52 week high of $38.22. The stock’s 50-day moving average is $35.72 and its 200-day moving average is $34.0. The company has a market cap of $313.6 billion and a price-to-earnings ratio of 14.00.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.07. The company had revenue of $18.53 billion for the quarter, compared to the consensus estimate of $17.83 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts predict that Microsoft Corp. will post $2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, February 18th.
In other Microsoft Corp. news, EVP Tami Reller sold 60,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $37.81, for a total value of $2,268,600.00. Following the transaction, the executive vice president now directly owns 485,193 shares of the company’s stock, valued at approximately $18,345,147. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of Microsoft Corp. to a “sell” rating in a research note to investors on Thursday. They now have a $37.23 price target on the stock, up previously from $36.00. Separately, analysts at Merrill Lynch downgraded shares of Microsoft Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, November 18th. Finally, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Microsoft Corp. in a research note to investors on Monday, November 18th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.02.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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