Microsoft Corporation (NASDAQ:MSFT) announced the recipients of the 2015 Microsoft Supplier Program (MSP) Excellence Awards. The MSP Excellence Awards recognize superior performance, exemplary service and innovation by suppliers that demonstrate what it means to be a preferred supplier at Microsoft. The purpose of the MSP is to build long-term relationships with a select group of strategic suppliers that create long-term value for Microsoft.
Winners of the 2015 MSP Excellence Awards were nominated by employees of Microsoft in various business units, MSP suppliers and Microsoft Procurement Professionals. An extensive panel of Microsoft employees and external judges selects all final awardees.
Award winners were based on excellence in a number of areas, including quality, value, service and innovation. Winners were announced during the 13th Annual MSP Summit on Microsoft’s main corporate campus in Redmond, Wash.
“I am very pleased to recognize this year’s Supplier Program Excellence Award winners for their outstanding performance,” said Mike Simms, general manager and chief procurement officer at Microsoft. “Every year our suppliers continue to impress us with their commitment to excellence, innovation and collaboration. The award recipients delivered high-impact results and contributed to the success of Microsoft. On behalf of Microsoft, I want to thank the award winners for their significant contributions and partnership and also acknowledge all of the nominees.”
Winners were announced in three categories: Supplier Diversity, Responsible Sourcing Leadership (Bridging the Opportunity Divide, Climate Performance and Impact Sourcing), and MSP Supplier of the Year. (Original Source)
Shares of Microsoft opened today at $47.39 and are currently trading up at $47.465. MSFT has a 1-year high of $50.05 and a 1-year low of $39.46. The stock’s 50-day moving average is $44.68 and its 200-day moving average is $44.76.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report issued on May 15, Bernstein Research analyst Mark Moerdler reiterated a Buy rating on MSFT, with a price target of $56, which represents a potential upside of 18.2% from where the stock is currently trading. Separately, on May 13, Deutsche Bank’s Karl Keirstead upgraded the stock to Buy and has a price target of $55.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Moerdler and Karl Keirstead have a total average return of 4.4% and 12.4% respectively. Moerdler has a success rate of 59.6% and is ranked #1300 out of 3606 analysts, while Keirstead has a success rate of 67.1% and is ranked #397.
The street is mostly Bullish on MSFT stock. Out of 24 analysts who cover the stock, 13 suggest a Buy rating , 7 suggest a Hold and 4 recommend to Sell the stock. The 12-month average price target assigned to the stock is $47.75, which represents a slight upside potential from current levels.