Microsoft Corporation (MSFT) Given a $92.00 Price Target at Goldman Sachs Group, Inc. (The)

Microsoft Corporation (NASDAQ:MSFT) has been assigned a $92.00 price target by analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Thursday. The brokerage currently has a “buy” rating on the software giant’s stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 10.74% from the stock’s previous close.

Several other analysts have also weighed in on the company. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a report on Monday. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. UBS AG set a $105.00 target price on Microsoft Corporation and gave the company a “buy” rating in a report on Thursday, November 9th. Tigress Financial reissued a “buy” rating on shares of Microsoft Corporation in a report on Tuesday, November 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $100.00 target price on shares of Microsoft Corporation in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and an average target price of $83.86.

Microsoft Corporation (NASDAQ MSFT) traded up $0.10 during trading hours on Thursday, reaching $83.08. The company’s stock had a trading volume of 6,058,256 shares, compared to its average volume of 22,427,568. The stock has a market capitalization of $641,240.00, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Corporation has a 1 year low of $58.80 and a 1 year high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. Microsoft Corporation’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. sell-side analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Microsoft Corporation (MSFT) Given a $92.00 Price Target at Goldman Sachs Group, Inc. (The)” was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/11/16/microsoft-corporation-msft-given-a-92-00-price-target-at-goldman-sachs-group-inc-the.html.

In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares in the company, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. Insiders have sold a total of 104,763 shares of company stock valued at $7,908,472 in the last 90 days. Insiders own 1.49% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Microsoft Corporation by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the period. State Street Corp boosted its position in Microsoft Corporation by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Capital Research Global Investors boosted its position in Microsoft Corporation by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC boosted its position in Microsoft Corporation by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Finally, Legal & General Group Plc boosted its position in Microsoft Corporation by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after purchasing an additional 774,549 shares during the period. Institutional investors and hedge funds own 73.37% of the company’s stock.

About Microsoft Corporation

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply