International Business Machines (NYSE:IBM):
IBM Cloud to Accelerate Bank Sohar’s Digital Transformation.
The company is now up by 1.81 percent from yesterday’s close.
International Business Machines also declared a dividend which was paid on Saturday the 10th of September 2016. The dividend 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.
It is trading at $156.77 which is marginally under the 50 day moving average of $158.52 and a tad higher than the 200 day moving average of $153.47. The 50 day moving average went down by -1.10% and the 200 day average was up $3.30.
International Business Machines’s P/E ratio is 12.75 and market cap is 149.85B. As of 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 estimated at $4.96 with next year’s EPS anticipated to be $14.11.
Wall Street investment firms have weighed in on the stock recently. On September 26 the company was upgraded to “Hold” from “” in an announcement from Societe Generale. On August 16 analysts at Oppenheimer added the stock to its research portfolio by announcing an initial rating of “Perform”.
On July 25 the stock rating was downgraded from “Buy” to “Hold” by analysts at Standpoint Research. July 19 investment analysts at Morgan Stanley kept the company rating at “Neutral” and lowered the price target from $168.00 to $147.00.
On July 19 Barclays held the stock rating at “Underweight” and moved down the price target to $140.00 from $150.00. On July 19 Citigroup kept the stock rating at “Neutral” but lowered the price expectation from $155.00 to $147.00.