In yesterday’s Wall Street session, International Business Machines Corp. (NYSE:IBM) shares traded at $173.69, up 0.13% from the previous session.
IBM stock price is now -3.81% away from the 50-day moving average and 5.81% away from the 200-day moving average. The market capitalization of the company currently stands at $159.55B.
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With the price target of $145, Exane BNP Paribas recently initiated with Underperform rating for International Business Machines Corp. (NYSE: IBM). On January 19, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $165 to quote $200, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, BROWDY MICHELLE H, Senior Vice President sold 9,800 shares of the company’s stock on Feb 01 ’24. The stock was sold for $1,811,524 at an average price of $184.85. Upon completion of the transaction, the Senior Vice President now directly owns 119,498 shares in the company, valued at $20.76 million. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, International Business Machines Corp. has had a low of $125.01 and a high of $199.18. As of last week, the company has a debt-to-equity ratio of 2.70, a current ratio of 1.10, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $203380097024, which is based on a 19.67 price-to-earnings ratio, a 6.15 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for IBM is $180.0884 and a two-hundred day moving average price translates $164.2921 for the stock.
The latest earnings results from International Business Machines Corp. (NYSE: IBM) was released for 2024-03-31. The net profit margin was 13.18% and return on equity was 36.35% for IBM. The company reported revenue of $14.46 billion for the quarter, compared to $14.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.47 percent.
