The stock of International Business Machines Corp. (NYSE:IBM) last traded at $158.56, up 1.37% from the previous session.
Data from the available sources indicates that International Business Machines Corp. (NYSE:IBM) is covered by 18 analysts. 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 $156.41, this indicates a potential downside of -7.29 percent. IBM stock price is now 8.95% away from the 50-day moving average and 16.03% away from the 200-day moving average. The market capitalization of the company currently stands at $144.78B.
In total, 11 analysts have assigned it a hold rating, and 5 have given it a buy rating. 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 $11.81 million. Insiders disposed of 218,850 shares of company stock worth roughly $34.7 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.
With an opening price of $156.95 on Thursday morning, International Business Machines Corp. (NYSE: IBM) set off the trading day. During the past 12 months, International Business Machines Corp. has had a low of $120.55 and a high of $157.51. 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 $192.33B, which is based on a 21.04 price-to-earnings ratio, a 7.51 price-to-earnings-growth ratio, and a beta of 0.76. The fifty day moving average price for IBM is $145.70 and a two-hundred day moving average price translates $136.76 for the stock.
The latest earnings results from International Business Machines Corp. (NYSE: IBM) was released for Sep, 2023. According to the Information Technology Services Company, earnings per share came in at $2, beating analysts’ expectations of $1.93 by 0.07. This compares to $0.02 EPS in the same period last year. 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. For the current quarter, analysts expect IBM to generate $15.64B in revenue.
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.
