Microsoft Corp. (NASDAQ:MSFT) was upgraded by equities researchers at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued on Monday, Analyst Ratings Network reports.
Microsoft Corp. (NASDAQ: MSFT) traded down 0.22% on Monday, hitting $31.55. Microsoft Corp. has a 1-year low of $26.26 and a 1-year high of $36.43. The stock’s 50-day moving average is currently $34.21. The company has a market cap of $262.7 billion and a price-to-earnings ratio of 12.26.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.16. The company had revenue of $19.90 billion for the quarter, compared to the consensus estimate of $20.73 billion. During the same quarter last year, the company posted $0.73 earnings per share. Microsoft Corp.’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Microsoft Corp. will post $2.77 EPS for the current fiscal year.
MSFT has been the subject of a number of other recent research reports. Analysts at Atlantic Securities downgraded shares of Microsoft Corp. from an “overweight” rating to a “neutral” rating in a research note to investors on Monday. They now have a $33.00 price target on the stock, down previously from $35.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Microsoft Corp. in a research note to investors on Saturday, July 20th. They now have a $37.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.90.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.