Nomura Securities Maintains a 'Buy' on Microsoft (MSFT); Q1 Preview...Risk/Reward Favorable
Tweet
Share
E-mailGet Alerts MSFT Hot Sheet
Price: $495.40 -0.3%
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $37.00.
Analyst, Rick Sherlund, said, "We are now two quarters away from the launch of several strategic and high-margin products, starting with Windows 8 in October. We are bullish on CY’13, anticipating a rich year of new products in Microsoft’s three most profitable divisions. We have modeled EPS of $0.55, below the Street at $0.58. Our earnings number represents a decline of 2% y/y if we back out the effect of a one-time tax gain of $461mn in the prior year period, and we are not positive on PC demand until the launch of Windows 8. We think the risk reward is favorable at 9.9x CY’12 earnings excluding $4.50 in net cash (tax effected for repatriation) and 8.8x 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 $31.10 yesterday.
Analyst, Rick Sherlund, said, "We are now two quarters away from the launch of several strategic and high-margin products, starting with Windows 8 in October. We are bullish on CY’13, anticipating a rich year of new products in Microsoft’s three most profitable divisions. We have modeled EPS of $0.55, below the Street at $0.58. Our earnings number represents a decline of 2% y/y if we back out the effect of a one-time tax gain of $461mn in the prior year period, and we are not positive on PC demand until the launch of Windows 8. We think the risk reward is favorable at 9.9x CY’12 earnings excluding $4.50 in net cash (tax effected for repatriation) and 8.8x 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 $31.10 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Piper Sandler Reiterates Overweight Rating on KKR (KKR), 'highest conviction name'
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Nomura, EarningsSign 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!
