International Business Machines Corp.'s (IBM) "Buy" Rating Reiterated at Stifel Nicolaus
Today, Royal Bank of Canada lowered its price target on International Business Machines Corp.
Now the P/E of International Business Machines Corporation stands at 13.7. Goldman Sachs Maintains International Business Machines Corporation (IBM) to Neutral with no specific Price Target. BMO Capital Markets reissued a "market perform" rating and set a $170.00 price target on shares of International Business Machines Corp.in a report on Monday, January 23rd. Buy rating has been given by 0 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 1 analyst given HOLD rating. The 52 week high shares of International Business Machines have reached is 182.79 whilst the 52 week low for the company's shares is 142.5. 19,284,284 shares of the company's stock traded hands. The stock's 50-day moving average price is $175.18 and its 200-day moving average price is $167.66. IWATA JON C also sold $3.15M worth of International Business Machines Corp.
The firm has a market cap of $152.51 billion, a price-to-earnings ratio of 13.06 and a beta of 0.96. Though the drop was an expected one, it was wider than expected forcing investors to dump the stock in after-hours trading on Tuesday. A significant increase in trading volume means that more than double the average amount of stocks are moving. Lsv Asset Mgmt stated it has 0.77% in International Business Machines Corp. Therefore, after dipping to $121 a share, IBM share price bounced back to $180 a share at the end of fiscal 2016, now trading around $170 a share. Excluding items, it earned $2.38 per share, beating analysts' average estimate of $2.35. The company had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.37 billion.
The company's net income dropped to US$1.75 billion, or US$1.85 per share, from US$2.01 billion, or US$2.09 per share. Likewise, the positive performance for the quarter was recorded as 1.74% and for the year was 16.16%, while the YTD performance remained at 2.94%. The 13 analysts covering the company expect dividends of 5.79 Dollars for the upcoming fiscal year, an increase of 5.33%. Davy Asset Management Ltd acquired 13,320 shares as Intl Business Mchn (IBM)'s stock rose 5.32%.
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On 2/7/2017 James J Kavanaugh, Insider, sold 559 with an average share price of $178.31 per share and the total transaction amounting to $99,675.29. Following the completion of the transaction, the insider now directly owns 29,856 shares of the company's stock, valued at approximately $5,323,623.36.
On 2/13/2017 Diane J Gherson, Insider, sold 5,000 with an average share price of $179.18 per share and the total transaction amounting to $895,900.00.
Snap Inc. (NYSE:SNAP) shown itself as moving stock, climbed 3.06% to close at $20.55. The disclosure for this sale can be found here.
Several institutional investors have recently bought and sold shares of the stock. It is without change, as 83 investors sold IBM shares while 629 reduced holdings. only 113 funds opened positions while 533 raised stakes.
03/16/2017 - International Business Machines Corporation had its " rating reiterated by analysts at Morgan Stanley. Motco invested 0.36% of its portfolio in International Business Machines Corp.
Flippin Bruce & Porter Inc increased Intl Business Machines (IBM) stake by 4.93% reported in 2016Q4 SEC filing. Goelzer Investment Management Inc. now owns 39,301 shares of the technology company's stock worth $6,243,000 after buying an additional 287 shares during the last quarter.
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