International Business Machines Corp. Sees Unusually High Options Volume (IBM)
International Business Machines Corp. (NYSE:IBM) saw unusually large options trading activity on Monday. Traders bought 18,664 put options on the company, Analyst RN reports. This represents an increase of 109% compared to the typical volume of 8,924 put options.
A number of research firms have recently commented on IBM. Analysts at Barclays Capital downgraded shares of International Business Machines Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $190.00 price target on the stock, down previously from $215.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of International Business Machines Corp. in a research note to investors on Friday, September 27th. Finally, analysts at Cantor Fitzgerald initiated coverage on shares of International Business Machines Corp. in a research note to investors on Thursday, September 19th. They set a “buy” rating and a $220.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $216.67.
Shares of International Business Machines Corp. (NYSE:IBM) traded down 1.14% on Monday, hitting $182.01. 3,968,362 shares of the company’s stock traded hands. International Business Machines Corp. has a one year low of $181.10 and a one year high of $215.90. The stock’s 50-day moving average is $186.8 and its 200-day moving average is $197.4. The company has a market cap of $199.4 billion and a price-to-earnings ratio of 13.07.
International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $3.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.77 by $0.14. The company had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.39 billion. During the same quarter in the previous year, the company posted $3.51 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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