International Business Machines (NYSE:IBM):
Clarient Global Adopts IBM Cloud, VMware for Enhanced Private Cloud Capabilities.
The company is trading up from yesterday’s close of $153.98.
International Business Machines also announced a dividend for shareholders which was paid on Saturday September 10th, 2016. The dividend payment was $1.400 per share for the quarter or $5.60 on an annualized basis. This dividend amount was represent a yeild of $3.61. The ex-dividend date was Monday the 8th of August 2016.
Company chares are trading at $156.77 a bit lower than the 50 day moving average which is $158.52 and which is just over the 200 day moving average of $153.47. The 50 day moving average moved down $-1.75 and the 200 day average went up by +2.15%.
The P/E ratio is currently 12.75 and market capitalization is 149.85B. In the last earnings report the EPS was $12.30 and is expected to be $13.51 for the current year with 955,844,000 shares currently outstanding. Next quarter’s EPS is forecasted at $4.96 and the next full year EPS is anticipated to be $14.11.
Investment firms have weighed in on IBM. On September 26 the company was changed to a “Hold” in a report from Societe Generale a boost from the previous “” rating. Oppenheimer initiated coverage setting a rating of “Perform”.
On July 25 the company was downgraded to “Hold” from “Buy” in a statement from Standpoint Research. On July 19 Citigroup held the company rating at “Neutral” and lowered the price target from $155.00 to $147.00.
July 19 investment analysts at Credit Suisse kept the company rating at “Neutral” and raised the price expectation to $147.00 from $110.00. On July 19 BMO Capital held the stock rating at “Neutral” but moved down the price target to $147.00 from $155.00.