In yesterday’s Wall Street session, International Business Machines Corp. (NYSE:IBM) shares traded at $153.06, up 0.31% from the previous session.
18 analysts cover International Business Machines Corp. (NYSE:IBM), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $179.00 and a low of $110.00, we find $145.00. Given the previous closing price of $152.58, this indicates a potential downside of -4.97 percent. IBM stock price is now 6.21% away from the 50-day moving average and 12.71% away from the 200-day moving average. The market capitalization of the company currently stands at $139.76B.
The stock has received a hold rating from 11 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $147.21 as their price target over the next twelve months.
With the price target of $188, RBC Capital Mkts recently initiated with Outperform rating for International Business Machines Corp. (NYSE: IBM).
In other news, KAVANAUGH JAMES J, Sr. VP and CFO sold 38,519 shares of the company’s stock on Feb 01. The stock was sold for $5,151,038 at an average price of $133.73. Upon completion of the transaction, the Sr. VP and CFO now directly owns 74,467 shares in the company, valued at $11.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, VP, Controller Del Bene Robert F sold 3,000 shares of the business’s stock. A total of $445,088 was realized by selling the stock at an average price of $148.36. This leaves the insider owning 14,553 shares of the company worth $2.23 million. Insiders disposed of 221,850 shares of company stock worth roughly $33.96 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.
On Thursday morning International Business Machines Corp. (NYSE: IBM) stock kicked off with the opening price of $153.00. During the past 12 months, International Business Machines Corp. has had a low of $120.55 and a high of $153.22. As of last week, the company has a debt-to-equity ratio of 2.54, a current ratio of 0.87, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $186.87B, which is based on a 20.31 price-to-earnings ratio, a 7.25 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for IBM is $144.22 and a two-hundred day moving average price translates $135.89 for the stock.
The net profit margin was 11.32% and return on equity was 32.89% for IBM. The company reported revenue of $14.75 billion for the quarter, compared to $14.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.57 percent.
International Business Machines Corp.(IBM) Company Profile
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company has collaboration agreement with Siemens Digital Industri Software to develop a combined software solution. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.