Oppenheimer Boosts Microsoft (MSFT) Price Target to $127.00
Microsoft (NASDAQ:MSFT) had its price target lifted by equities researchers at Oppenheimer to $127.00 in a research note issued to investors on Tuesday, September 18th, The Fly reports. The firm currently has an “outperform” rating on the software giant’s stock. Oppenheimer’s price target would indicate a potential upside of 15.91% from the stock’s current price. Oppenheimer also issued estimates for Microsoft’s Q1 2019 earnings at $1.01 EPS, Q4 2019 earnings at $1.26 EPS and FY2020 earnings at $4.97 EPS.
Other analysts have also recently issued reports about the company. Royal Bank of Canada restated a “$104.40” rating and issued a $115.00 target price on shares of Microsoft in a report on Thursday, July 19th. Credit Suisse Group restated a “$105.12” rating and issued a $115.00 target price on shares of Microsoft in a report on Wednesday, July 18th. Deutsche Bank reaffirmed a “$105.12” rating on shares of Microsoft in a research note on Wednesday, July 18th. Argus upped their price target on Microsoft from $116.00 to $128.00 and gave the company a “$107.97” rating in a research note on Monday, July 23rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 price target on shares of Microsoft in a research note on Tuesday, June 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $120.60.
Shares of MSFT traded up $3.66 during trading hours on Tuesday, hitting $109.57. 46,717,564 shares of the stock were exchanged, compared to its average volume of 28,720,928. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90. Microsoft has a 12-month low of $77.25 and a 12-month high of $116.18. The stock has a market capitalization of $880.63 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 2.19 and a beta of 1.28.
In other news, CEO Satya Nadella sold 328,000 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the transaction, the chief executive officer now owns 778,596 shares in the company, valued at approximately $85,209,546.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amy Hood sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $110.90, for a total value of $13,086,200.00. Following the transaction, the chief financial officer now owns 669,327 shares in the company, valued at approximately $74,228,364.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,042 shares of company stock worth $71,264,850. 1.49% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Peak Capital Management LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $107,000. Fort L.P. acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $119,000. WP Advisors LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $131,000. Quattro Financial Advisors LLC acquired a new stake in shares of Microsoft in the 3rd quarter valued at approximately $132,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $139,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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