Nomura Securities Reiterates a 'Buy' on Microsoft (MSFT); Q2 Review
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 reiterates a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $37.00.
Analyst, Rick Sherlund, said, "Q3 (Mar) revenues were up 6% and above expectations. Windows revenues were up 4%, Office was up 9%, and Server and Tools up 14%. We are now two quarters away from the launch of several strategic and high-margin products. We are bullish on CY’13, anticipating a rich year of new products in Microsoft’s three most profitable divisions. We think the risk reward is favorable at 9.3x CY’12 earnings excluding $5.35 in net cash and 7.9x EV to Ufcf. The stock is trading at a 15% discount to the S&P in line with its 2-yr average discount and below its 5-yr average of a 7% discount. F12E EPS from $2.63 to $2.70; F13E is unchanged at $3.10."
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 $31.01 yesterday.
Analyst, Rick Sherlund, said, "Q3 (Mar) revenues were up 6% and above expectations. Windows revenues were up 4%, Office was up 9%, and Server and Tools up 14%. We are now two quarters away from the launch of several strategic and high-margin products. We are bullish on CY’13, anticipating a rich year of new products in Microsoft’s three most profitable divisions. We think the risk reward is favorable at 9.3x CY’12 earnings excluding $5.35 in net cash and 7.9x EV to Ufcf. The stock is trading at a 15% discount to the S&P in line with its 2-yr average discount and below its 5-yr average of a 7% discount. F12E EPS from $2.63 to $2.70; F13E is unchanged at $3.10."
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 $31.01 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
- Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Standard & Poor's, 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!
