Market Update: Microsoft Corporation (NASDAQ:MSFT) – [$$] Microsoft Undervalued And Set for a Rebound

[at Barrons.com] – Microsoft shares have fallen by almost 6% so far this year, faring worse than the Nasdaq Composite, down 3%. On Tuesday, Analyst Gregg Moskowitz upgraded Microsoft (MSFT) from Market Perform to Outperform, with a $58 price target. Microsoft stock sank in April after the tech giant announced disappointing third-quarter results, amid concerns about the company’s future in a post-PC world. Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $405.52B, started the session at $50.68. Looking at today’s trading action, the company’s one day range from $50.40 to $51.71 with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 18.81x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.34x earnings multiple. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.88%. According to a consensus of 29 analysts, the earnings estimate of $0.58 per share would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $2.66 is a $0.20 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.16 Billion. If reported, that would be a 0.09% decrease over the year-ago quarter. In terms of ratings, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. The average price target for MSFT shares by the analysts covering it is $57.72, which is 13.89% above where the stock opened. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN) Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Why Oppenheimer Sees Big Upside in Microsoft Now Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft opens NY studio to showcase HoloLens headset