News headlines about IBM (NYSE:IBM) have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. IBM earned a media sentiment score of 0.50 on their scale. InfoTrie also assigned media stories about the technology company an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected IBM’s ranking:
Chicago Quantum Exchange, IBM Q Network partner to advance quantum computing – UChicago News (news.uchicago.edu)
Apple, IBM, Costco among those expected to raise payouts next week – Seeking Alpha (seekingalpha.com)
Charlotte brewery gets IoT boost from IBM – WRAL Tech Wire (wraltechwire.com)
IBM and Yara Partner For Digital Farming Platform – agprofessional.com (agprofessional.com)
Amazon Posts Another Huge Beat: Cloud Computing Driving Growth (finance.yahoo.com)
NYSE IBM opened at $139.44 on Friday. IBM has a fifty-two week low of $105.94 and a fifty-two week high of $154.36. The firm has a market capitalization of $124.39 billion, a PE ratio of 10.10, a P/E/G ratio of 2.55 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.36 and a debt-to-equity ratio of 2.61.
IBM (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 16th. The technology company reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.03. IBM had a return on equity of 68.76% and a net margin of 10.98%. The company had revenue of $18.18 billion during the quarter, compared to analysts’ expectations of $18.53 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts predict that IBM will post 13.89 earnings per share for the current fiscal year.
A number of analysts have commented on IBM shares. UBS Group set a $160.00 target price on IBM and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Citigroup boosted their target price on IBM from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Stifel Nicolaus boosted their price target on IBM from $145.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, January 15th. Wedbush reissued a “hold” rating and issued a $131.00 price target on shares of IBM in a report on Wednesday, January 23rd. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $140.00 price target on shares of IBM in a report on Wednesday, January 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $155.72.
In related news, insider Diane J. Gherson sold 5,754 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $135.67, for a total value of $780,645.18. Following the completion of the transaction, the insider now directly owns 23,117 shares in the company, valued at $3,136,283.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erich Clementi sold 13,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.01, for a total value of $1,807,130.00. The disclosure for this sale can be found here. Insiders sold 20,867 shares of company stock valued at $2,877,569 over the last quarter. Insiders own 0.19% of the company’s stock.
IBM Company Profile
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.
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