International Business Machines Corp. Stock Rating Reaffirmed by TheStreet (IBM)
International Business Machines Corp. (NYSE:IBM)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Monday, Analyst RN reports.
The analysts wrote, “International Business Machines (IBM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Shares of International Business Machines Corp. (NYSE:IBM) opened at 183.43 on Monday. International Business Machines Corp. has a 52 week low of $172.19 and a 52 week high of $215.90. The stock’s 50-day moving average is $181.9 and its 200-day moving average is $182.7. The company has a market cap of $192.6 billion and a price-to-earnings ratio of 12.23.
International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $6.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $5.99 by $0.14. The company had revenue of $27.70 billion for the quarter, compared to the consensus estimate of $28.26 billion. During the same quarter in the prior year, the company posted $5.39 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts expect that International Business Machines Corp. will post $17.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, February 6th.
In other International Business Machines Corp. news, SVP Timothy Shaughnessy unloaded 10,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $183.87, for a total transaction of $1,838,700.00. Following the completion of the sale, the senior vice president now directly owns 25,483 shares of the company’s stock, valued at approximately $4,685,559. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of International Business Machines Corp. in a research note on Monday, January 27th. They now have a $189.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of International Business Machines Corp. in a research note on Wednesday, January 22nd. Finally, analysts at Morgan Stanley reiterated an “in-line” rating on shares of International Business Machines Corp. in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. International Business Machines Corp. has a consensus rating of “Hold” and a consensus price target of $201.45.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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