Nomura Securities Maintains a 'Buy' on Microsoft (MSFT); Straight To The Surface
Tweet Send to a FriendGet Alerts MSFT Hot Sheet
Price: $34.87 +2.32%
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MSFT Now!
Nomura Securities maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $37.00.
Analyst, Rick Sherlund, said, "Microsoft announced its own tablet hardware to be released with Windows 8 later this year. The hardware appeared well engineered and elegantly designed, offering a thin, lightweight, tablet or Ultrabook-like form-factor, optimized for both content consumption and content production like the Ultrabook-touch devices. Initially, tablets will be sold through their own on-line and retail stores, permitting a greater portion of retail sales price in its HW margins. We think the risk/reward is favorable at 7.2x CY’13E earnings, excluding $5.35 in net cash (tax-affected for repatriation) and 6.9x EV to uFCF."
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $29.84 yesterday, with a 52 week range of $23.79-$32.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Rick Sherlund, said, "Microsoft announced its own tablet hardware to be released with Windows 8 later this year. The hardware appeared well engineered and elegantly designed, offering a thin, lightweight, tablet or Ultrabook-like form-factor, optimized for both content consumption and content production like the Ultrabook-touch devices. Initially, tablets will be sold through their own on-line and retail stores, permitting a greater portion of retail sales price in its HW margins. We think the risk/reward is favorable at 7.2x CY’13E earnings, excluding $5.35 in net cash (tax-affected for repatriation) and 6.9x EV to uFCF."
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $29.84 yesterday, with a 52 week range of $23.79-$32.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Pier 1 Imports (PIR) Sets Sights on Growing Ecommerce
- Topeka Capital Starts Laredo Petroleum (LPI) at Buy, Assets 'Undervalued'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Nomura, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
