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BGC Financial Reiterates Buy Rating, $31 PT on Microsoft Corporation

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In a report published Friday, BGC Financial reiterated its Buy rating and $31.00 price target on Microsoft Corporation (NASDAQ: MSFT).

BGC Financial noted, “The company pays a dividend of $0.23 / quarter for a yield of 3.3% that compares favorably to the S&P500 yield of 2.14%. The company is among the best in the space at returning cash to shareholders with $3.5B returned to investors in the December quarter in dividend and buybacks. MSFT has $68.3B in cash ($8.09 / share) and $11.9B long term debt as of December 31, 2012. Microsoft generated a cash flow of $4.7B from operations in the December quarter. Shares trade at a reasonable 10x our FY13 EPS of $2.88. We maintain our $31 target.”

Microsoft Corporation closed on Thursday at $27.91.

Latest Ratings for MSFT

DateFirmActionFromTo
Dec 2014Bank of AmericaDowngradesNeutralUnderperform
Dec 2014Piper JaffrayInitiates Coverage onOverweight
Nov 2014JefferiesInitiates Coverage onUnderperform

View More Analyst Ratings for MSFT
View the Latest Analyst Ratings

Posted-In: BGC FinancialAnalyst Color Reiteration Analyst Ratings

 

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