BGC Upgrades Microsoft (MSFT) to Buy; Sees Dividend Increase Next Month
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Price: $34.95 +0.23%
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Trade MSFT Now!
BGC Partners upgrades Microsoft (Nasdaq: MSFT) from Hold to Buy and increases the price target from $29 to $30. The firm cites a possible dividend increase.
The firm says, "Microsoft currently pays a quarterly dividend of $0.13/quarter that provides a yield of 2.1%. Given the company has a history of lifting its dividend in the month of September as its operating income grows – we expect a 15% increase in its quarterly dividend to $0.15 is likely." BGC also notes, "The PC refresh cycle remains compelling and should last another 8 quarters in our opinion – as the average enterprise PC is 4.4 years and 74% of business computers using XP, according to Microsoft."
With shares of Microsoft up 1.7% to $24.82 today, BGC's new price target suggests potential upside of almost 21%.
Track all the analyst action on shares of Microsoft with our Analyst Ratings page.
Microsoft Corporation develops, manufactures, licenses, and supports a range of software products and services for various computing devices worldwide.
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The firm says, "Microsoft currently pays a quarterly dividend of $0.13/quarter that provides a yield of 2.1%. Given the company has a history of lifting its dividend in the month of September as its operating income grows – we expect a 15% increase in its quarterly dividend to $0.15 is likely." BGC also notes, "The PC refresh cycle remains compelling and should last another 8 quarters in our opinion – as the average enterprise PC is 4.4 years and 74% of business computers using XP, according to Microsoft."
With shares of Microsoft up 1.7% to $24.82 today, BGC's new price target suggests potential upside of almost 21%.
Track all the analyst action on shares of Microsoft with our Analyst Ratings page.
Microsoft Corporation develops, manufactures, licenses, and supports a range of software products and services for various computing devices worldwide.
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