Microsoft Corp Gets a Buy Rating from RBC Capital

By Carrie Williams

RBC Capital analyst Ross MacMillan reiterated a Buy rating on Microsoft Corp (NASDAQ: MSFT) yesterday and set a price target of $77. The company’s shares closed last Friday at $69.96, close to its 52-week high of $70.22.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 24.9% and a 88.5% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Microsoft Corp is Strong Buy and the average price target is $74.53, representing a 6.5% upside.

In a report issued on May 16, Bernstein also reiterated a Buy rating on the stock with a $81 price target.

Based on Microsoft Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $21.92 billion and quarterly net profit of $4.8 billion. In comparison, last year the company earned revenue of $20.36 billion and had a net profit of $3.76 billion.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Mason Morfit, a Director at MSFT sold 7,000,000 shares for a total of $481,950,000.

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.