Market Update: Microsoft Corporation (NASDAQ:MSFT) – GE, Microsoft Partner On Industrial Internet Of Things

[at Investor’s Business Daily] – General Electric (GE) and Microsoft (MSFT) on Monday announced a partnership that will make GE’s Predix platform for the industrial internet available on Microsoft’s Azure cloud computing service. The … Read more on this. Microsoft Corporation (MSFT) , valued at $413.38B, began trading this morning at $52.50. During today’s session, MSFT traded between $52.47 to $52.83 with a one year range of $39.72 to $56.85. Priced at 19.59x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry’s -0.52x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.75%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $2.67, which would be a $0.21 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.14 Billion. If reported, that would be a 0.18% decrease over the year-ago quarter. More recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. Investors should keep in mind is that the average price target is $58.00, which is 10.48% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Here’s Why Microsoft (MSFT) Stock Is Advancing Today Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Sues DoJ Over Data Request Order (MSFT) Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN)