International Business Machines Corp. Hits New 52-Week Low at $178.81 (IBM)
Shares of International Business Machines Corp. (NYSE:IBM) hit a new 52-week low during mid-day trading on Tuesday, AnalystRatings.Net reports. The stock traded as low as $178.81 and last traded at $179.13, with a volume of 4,043,652 shares trading hands. The stock had previously closed at $182.01.
IBM has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of International Business Machines Corp. in a research note to investors on Tuesday. Separately, 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. International Business Machines Corp. currently has an average rating of “Hold” and an average price target of $216.67.
International Business Machines Corp. has a one year low of $181.10 and a one year high of $215.90. The stock has a 50-day moving average of $186.7 and a 200-day moving average of $196.9. The company has a market cap of $196.2 billion and a price-to-earnings ratio of 12.92. International Business Machines Corp. also was the recipient of some unusual options trading on Monday. Stock investors bought 18,664 put options on the company. This is an increase of approximately 109% compared to the typical daily volume of 8,924 put options.
International Business Machines Corp. (NYSE:IBM) last released its earnings data on Wednesday, July 17th. The company reported $3.91 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $3.51 earnings per share. International Business Machines Corp.’s revenue was down 3.3% compared to the same quarter last year.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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