International Business Machines (NYSE:IBM):
IBM Watson Internet of Things Named a Leader in IDC MarketScape for 2017 Worldwide IoT Platforms.
The company is up from yesterday’s close of $153.18.
The company also announced a dividend which was paid on Saturday June 10th, 2017. The dividend was $1.500 per share for the quarter which comes to $6.00 on an annualized basis. This dividend amount was represent a yeild of $3.92. The ex-dividend date was 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..
Company shares last traded at $153.70 which is marginally over the 50 day moving average of $153.09 and which is just a bit below the 200 day moving average of $166.62. The 50 day moving average went up $0.61 or +0.40% whereas the 200 day average was down by -7.75%.
International Business Machines currently has a P/E ratio of 12.64 and market cap is 144.40B. In the last earnings report the EPS was $12.16 and is estimated to be $13.70 for the current year with 939,496,000 shares now outstanding. Analysts expect next quarter’s EPS to be $3.38 and the next full year EPS is anticipated to be $13.93.
A few investment analysts have released ratings on the stock. Pacific Crest issued its first research report on the stock with a rating of “Sector Weight”. On November 10 the stock rating was upgraded from “” to “Buy” and a price target of $185.00 was set in a statement from Bank of America.
On November 10, 2016 Bank of America held the price target at $185.00 and boost the company to Buy from . 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 left the company rating at “Overweight” but moved up the price target from $140.00 to $179.00. On October 18 Goldman Sachs kept the stock rating at “Neutral” and raised the price expectation from $147.00 to $160.00.