International Business Machines (NYSE:IBM):
IBM Unveils Industry’s First Platform to Integrate All Data Types for AI-Powered Decision-Making.
The company is now up by 1.81% since yesterday’s close of $153.98.
Additionally International Business Machines recently announced a dividend paid on Saturday the 10th of September 2016. The dividend payment was $1.400 per share for the quarter or $5.60 annualized. This dividend represents a yield of $3.61. The ex-dividend date was Monday the 8th of August 2016.
The stock is trading at $156.77 just a bit lower than the 50 day moving average which is $158.67 and which is marginally higher than the 200 day moving average of $153.37. The 50 day moving average went down by -1.20% and the 200 day average was up $3.40.
International Business Machines currently has a P/E ratio of 12.75 and market cap is 149.85B. As of the latest earnings report the EPS was $12.30 and is expected to be $13.51 for the current year with 955,844,000 shares outstanding. Next quarter’s EPS is forecasted to be $4.96 and the next full year EPS is projected to be $14.11.
A few investment firms have released ratings on IBM. On September 26 the company was upgraded to “Hold” from “” by Societe Generale. Equity analyst Oppenheimer initiated coverage on IBM by announcing an initial rating of “Perform”.
On July 25, 2016 the stock rating was set at “Hold” by Standpoint Research which is down from the previous “Buy” rating. July 19 investment analysts at Deutsche Bank maintained a company rating of “Neutral” and raised the price target to $147.00 from $135.00.
On July 19 UBS made no change to the company rating of “Neutral” but lowered the price target from $195.00 to $147.00. On July 19 Morgan Stanley maintained a stock rating of “Neutral” but moved down the price target from $168.00 to $147.00.