Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Ups Salesforce, Oracle Rivalry With New Cloud Product

[at Bloomberg] – Microsoft Corp. is revamping its software applications that help business manage tasks such accounting, human resources and customer management, grouping them together in a unified cloud product that will … Read more on this. Microsoft Corporation (MSFT) , valued at $396.72B, finished at $51.17. Looking at the equity, the company’s one day range is $50.39 to $50.82 with a trailing 52-week range being $39.72 to $56.85. Priced at 19.16x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry’s -0.98x forward p/e ratio. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.81%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.67, which would be a $0.21 improvement when compared to the last year’s annual results. 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. With the above information in mind, readers should note that the average price target is $58.13, which is 13.60% above where the stock 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) Company Update: Microsoft Corporation (NASDAQ:MSFT) – Tableau Tumbles On Microsoft Rivalry; Software Stocks Down Hard Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft beats Wall Street view on high demand for cloud products