International Business Machines (NYSE:IBM):
IBM Acquires TIMETOACT GROUP’s XCC to Launch IBM Connections Engagement Center — a Single Destination for Internal Communications, Collaboration and Employee Engagement.
The company is so far trading up since yesterday’s close of $152.63.
International Business Machines recently announced a dividend for shareholders that will be paid on Sat Jun 10, 2017. The dividend payment will be $1.500 per share for the quarter or $6.00 on an annualized basis. The dividend yield will be $3.95. The ex-dividend date will be Monday May 8th, 2017.
Company shares last traded at $152.67 which is a tad under $157.11, the stock’s 50 day moving average and a tad below the 200 day moving average of $167.92. The 50 day moving average was down $-4.71 whereas the 200 day moving average was down $-15.52 or -9.24%.
International Business Machines’s P/E ratio is 12.53 and market capitalization is 143.18B. As of the latest earnings report the EPS was $12.16 and is projected to be $13.70 for the current year with 939,496,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $3.38 with next year’s EPS anticipated to be $13.92.
Several brokerage firms have released ratings on IBM of late. On May 19, 2017 Pacific Crest starting coverage on IBM giving it an initial rating of “Sector Weight”. November 10 investment analysts at Bank of America maintained a price target of $185.00 and boost the company to Buy from .
On November 10 the company was upgraded from “” to “Buy” with a current price target of $185.00 in a report from Bank of America. October 18 investment analysts at Goldman Sachs made no change to the company rating of “Neutral” but moved up the price target from $147.00 to $160.00.
On October 18 Citigroup maintained a company rating of “Overweight” but raised the price target to $179.00 from $147.00. October 18 investment analysts at Credit Suisse maintained a stock rating of “Overweight” and raised the price expectation from $110.00 to $179.00.