International Business Machines (NYSE:IBM):
IBM, Packet Clearing House and Global Cyber Alliance Collaborate to Protect Businesses and Consumers from Internet Threats.
The company is up from yesterday’s close of 147.14.
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..
International Business Machines currently has a P/E ratio of 12.36 and market capitalization is 137.16B. In the last earnings report the EPS was $11.98 with 925.79M shares currently outstanding.
Short traders are more bullish lately if you look at the fall in short interest. The firm recorded a fall in short interest between October 13, 2017 and October 31, 2017 of -18.18%. Short shares decreased 3,405,145 over that period. The short-interest ratio decreased to 2.0 and the percentage of shorted shares was 0.02% on October 31.
Several brokerages have released ratings on the company of late. On November 3, 2017 KeyCorp kept a “Hold” rating on the company. On October 27 analysts at Pivotal Research updated guidance on IBM with an initial rating of “Buy”.
J P Morgan Chase & Co updated its forecast on IBM stating a rating of “Neutral” and projecting a price target of $157.00. October 18 investment analysts at BMO Capital Markets left the stock rating at “Market Perform” with a current price target of $170.00.
Equity analyst Barclays PLC raised the price target of the stock on October 18 changing the price objective from $132.00 to $133.00 with a rating of “Underweight”. Equity analyst Goldman Sachs Group, Inc. (The) released a research note on IBM with a rating of “Neutral” and price target of $170.00.