Microsoft Corporation (NASDAQ:MSFT) registered a 2.35% increase, still its new closing price is 40.25% up from the company’s 1 year high of 64.54.It posted 4.85% gains in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 2 sells versus 13 buy or better ratings. The 38 stock analysts following this company have an average price target at $67.11, with individual PT in the $41.00-$80.00 range. The shares moved at $65.78, implying that brokerage firms see shares gaining about 29.82% in twelve months time.
Microsoft Corporation (MSFT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 5.86% rise year to date. A EVP, Chief Marketing Officer at Microsoft Corporation (MSFT) offloaded shares in a transaction closed on Monday November 14, 2016. Capossela Christopher C sold 18,583 shares in the company at $58.58 each and collected $1,088,001 in proceeds. Capossela Christopher C now owns 234,723 shares in the company after this transaction. A EVP, Chief Marketing Officer in the company, Capossela Christopher C, disclosed a transaction on Tuesday November 08, 2016 that ended up generating $726,000 from the sale of 12,000 shares at $60.51 per share.
Microsoft Corporation (NASDAQ:MSFT) Upcoming Results on Tap
Microsoft Corporation will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.77 in that period. Sales during the quarter are predicted to arrive at $23.8 billion.
Earnings surprise history: Last quarter, the company posted approximately $25.84 billion in revenue and EPS of $0.84. The mean forecast was for $25.3 billion and $0.79 a share, respectively. One quarter earlier, revenue for the stock was at $22.33 billion, with earnings at $0.76/share.
Microsoft Corporation (MSFT) Brokerage Update
Microsoft Corporation (MSFT) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Sell by Citigroup, according to news reported on Friday January 27, 2017.Another important research note was issued by Goldman on Thursday November 17, 2016.The firm upgraded MSFT to Buy from Neutral. Over the last six months and over the last three months, the shares of Microsoft Corporation (MSFT), have changed 18.55% and 9.23%, respectively.