Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft opens NY studio to showcase HoloLens headset

[AP] – Microsoft is opening a studio in New York to showcase its upcoming HoloLens headset for inserting holograms into real-world settings. At the studio, software developers will see a video and get hands-on … Read more on this. Microsoft Corporation (MSFT) , with a current value of $448.68B, opened this morning at $56.36. During the trading session, MSFT traded between $55.53 to $56.79 and has traded between $39.72 and $56.79 over the past 12 months. Microsoft (MSFT) shares are currently priced at 20.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.45x earnings multiple for the same period. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.61%. According to a consensus of 28 analysts, the earnings estimate of $0.71 per share would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $2.76 is a $0.30 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $25.22 Billion. If reported, that would be a 4.72% decrease over the year-ago quarter. More recently, Stifel upgraded MSFT from Hold to Buy (Aug 13, 2015). Previously, Wunderlich Initiated MSFT at to Hold. With the above information in mind, readers should note that the average price target is $56.61, which is 0.44% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up Stock Update (NASDAQ:MSFT): Microsoft’s ‘Hololens’ Is A Revolutionary Device With One Major Problem