International Business Machines (NYSE:IBM):
VersaStack with IBM Flash Accelerates Data Transfer for Virtual Desktop and Hybrid Cloud Workloads.
The company is now up from yesterday’s close of $152.1.
International Business Machines also declared a dividend for shareholders which was paid on Saturday June 10th, 2017. The dividend payment was $1.500 per share for the quarter which comes to $6.00 on an annualized basis. This dividend amount represented a yeild of $3.89. The ex-dividend date was set for Monday the 8th of May 2017.
International Business Machines Corporation (IBM), launched on June 16, 1911, is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing..
Shares are trading at $154.10 which is just under the 50 day moving average of $154.37 and just a bit lower than the 200 day moving average of $167.48. The 50 day moving average was down $-0.27 or -0.18% whereas the 200 day average was down by -7.99%.
International Business Machines currently has a P/E ratio of 12.67 and market capitalization is 144.78B. As of the last earnings report the EPS was $12.16 and is projected to be $13.70 for the current year with 939,496,000 shares currently outstanding. Next quarter’s EPS is forecasted at $3.38 and the next full year EPS is anticipated to be $13.92.
Ratings analysts have weighed in on the stock recently. On May 19, 2017 Pacific Crest initiated coverage with an initial rating of “Sector Weight”. On November 10, 2016 Bank of America held the price objective at $185.00 and upgraded the company to Buy from .
On November 10 the stock rating was upgraded from “” to “Buy” with a current price target of $185.00 in an announcement from Bank of America. On October 18 Credit Suisse left the stock rating at “Overweight” and moved up the price target from $110.00 to $179.00.
October 18 investment analysts at Morgan Stanley held the stock rating at “Neutral” but raised the price expectation to $160.00 from $147.00. On October 18 Barclays maintained a company rating of “Overweight” and raised the price target to $179.00 from $140.00.