International Business Machines (NYSE:IBM):
Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years.
The company is up by 1.81% since yesterday’s close of $153.98.
International Business Machines also declared a dividend that was paid on Sat Sep 10, 2016. The dividend payment was $1.400 per share for the quarter which comes to $5.60 on an annualized basis. The dividend yield was $3.61. The ex-dividend date was set for Monday the 8th of August 2016.
Company shares last traded at $156.77 which is marginally lower than $158.52, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $153.47. The 50 day moving average was down $-1.75 and the 200 day average went up $3.30 or +2.15%.
The P/E ratio is 12.75 and the market cap is 149.85B. In the last earnings report the EPS was $12.30 and is estimated to be $13.51 for the current year with 955,844,000 shares presently outstanding. Next quarter’s EPS is estimated at $4.96 with next year’s EPS projected to be $14.11.
Wall Street investment firms have provided guidance on the company. On September 26 the company was upgraded to “Hold” from “” in a report issued by Societe Generale. On August 16 analysts at Oppenheimer initiated coverage on IBM giving it an initial rating of “Perform”.
On July 25 the stock rating was downgraded from “Buy” to “Hold” in a report from Standpoint Research. July 19 investment analysts at Jefferies made no change to the company rating of “Neutral” but moved up the price target from $130.00 to $147.00.
On July 19 Deutsche Bank kept the company rating at “Neutral” and raised the price target to $147.00 from $135.00. July 19 investment analysts at UBS held the company rating at “Neutral” and moved down the price target from $195.00 to $147.00.