NEW YORK (TheStreet) -- RBC Capital Markets lowered its price target for Microsoft (MSFT) - Get Report to $47 on Monday, reiterating its "outperform" rating.

The analyst firm lowered its 2015 EPS estimates for the software company to $2.32 from $2.40 a share. RBC also lowered its 2016 EPS estimates for Microsoft to $2.55 from its previous estimates of $2.86 a share.

Analyst Ross MacMillan wrote, "We cut our estimates to reflect: i) a more acute impact in the June Q from the XP end of life headwind; ii) a more negative view on PCs (we now assume -7% unit declines in CY15) and iii) an incrementally more negative FX environment. Medium term we have also adjusted our model for i) a more negative view on the ongoing impact to Windows from deliberate free/ low cost consumer pricing; ii) a more aggressive assumption regarding the transition of commercial Office to Office 365 (which we ultimately view as having a positive impact on the business)."

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Separately, TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Despite its growing revenue, the company underperformed as compared with the industry average of 10.0%. Since the same quarter one year prior, revenues slightly increased by 8.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
• Despite currently having a low debt-to-equity ratio of 0.31, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that MSFT's debt-to-equity ratio is mixed in its results, the company's quick ratio of 2.24 is high and demonstrates strong liquidity.
• The gross profit margin for MICROSOFT CORP is rather high; currently it is at 67.45%. Regardless of MSFT's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 22.14% trails the industry average.
• The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Software industry and the overall market, MICROSOFT CORP's return on equity exceeds that of both the industry average and the S&P 500.
• You can view the full analysis from the report here: MSFT Ratings Report