International Business Machines Corp. Sees Unusually High Options Volume (IBM)
International Business Machines Corp. (NYSE:IBM) was the target of unusually large options trading activity on Tuesday. Stock traders purchased 42,031 call options on the company, AnalystRatings.Net reports. This represents an increase of 150% compared to the average daily volume of 16,836 call options.
A number of analysts have recently weighed in on IBM shares. Analysts at Zacks reiterated a “neutral” rating on shares of International Business Machines Corp. in a research note to investors on Wednesday, October 23rd. They now have a $184.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 21st. Finally, analysts at Argus downgraded shares of International Business Machines Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $202.58.
Shares of International Business Machines Corp. (NYSE:IBM) traded up 2.69% during mid-day trading on Tuesday, hitting $182.12. 8,907,530 shares of the company’s stock traded hands. International Business Machines Corp. has a 52 week low of $181.10 and a 52 week high of $215.90. The stock’s 50-day moving average is $188.0 and its 200-day moving average is $199.5. The company has a market cap of $198.5 billion and a P/E ratio of 12.28.
International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $3.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.96 by $0.03. The company had revenue of $23.70 billion for the quarter, compared to the consensus estimate of $24.77 billion. During the same quarter last year, the company posted $3.62 earnings per share. International Business Machines Corp.’s revenue was down 4.1% compared to the same quarter last year. Analysts expect that International Business Machines Corp. will post $16.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.09%.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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