Canaccord Genuity Sticks to Their Hold Rating for Microsoft Corp

By Ryan Adsit

In a report issued on September 13, Richard Davis from Canaccord Genuity reiterated a Hold rating on Microsoft Corp (NASDAQ: MSFT), with a price target of $76. The company’s shares closed yesterday at $74.77, close to its 52-week high of $75.49.

According to TipRanks.com, Davis is a top 25 analyst with an average return of 27.4% and a 78.3% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Nuance Communications, and Ultimate Software.

Currently, the analyst consensus on Microsoft Corp is Moderate Buy and the average price target is $79.81, representing a 6.7% upside.

In a report issued on September 6, MoffettNathanson also initiated coverage with a Hold rating on the stock with a $81 price target.

Microsoft Corp’s market cap is currently $579.7B and has a P/E ratio of 27.69. The company has a book value ratio of 7.9610.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.