Microsoft Corp (NASDAQ: MSFT)‘s stock had its “buy” rating restated by analysts at Jyske Bank in a research report issued to clients and investors on Thursday. They currently have a $32.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Longbow Research reiterated a “buy” rating on shares of Microsoft Corp in a research note to investors on Monday. They now have a $33.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp in a research note to investors on Wednesday, February 20th. Finally, analysts at National Bank reiterated a “buy” rating on shares of Microsoft Corp in a research note to investors on Monday, January 28th. They now have a $33.00 price target on the stock.
Eighteen investment analysts have rated the stock with a buy rating, six have issued an overweight rating, and sixteen have given a hold rating to the company’s stock. The company has an average rating of “overweight” and a consensus price target of $32.95.
Shares of Microsoft Corp traded up 0.18% during mid-day trading on Thursday, hitting $28.14. Microsoft Corp has a one year low of $26.26 and a one year high of $32.95. The stock’s 50-day moving average is currently $27.70. The company has a market cap of $235.7 billion and a P/E ratio of 15.43.
Microsoft Corp last posted its quarterly earnings results on Thursday, January 24th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.01. The company had revenue of $21.46 billion for the quarter, compared to the consensus estimate of $21.53 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Microsoft Corp will post $2.85 earnings per share for the current fiscal year.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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