International Business Machines Corporation (NYSE:IBM) Reviewed By Analysts
- Author: Julie Sanders Apr 19, 2017,
Apr 19, 2017, 23:38
IIBM has reported a bigger-than-expected drop in revenue for the first time in five quarters, hurt by weak demand in its technology services business. The company said that it had $2.38 in earnings per share (EPS) and $18.2 billion in revenue, versus consensus estimates from Thomson Reuters that called for $2.35 in EPS and $18.39 billion in revenue. (NYSE:IBM). Barry Inv Advsr Ltd Liability Com holds 0.17% or 2,934 shares in its portfolio. International Business Machines Corp.
IBM's profitability metrics are strong with consistently stellar ROE and ROIC - ranging 69-100% and 21-32.5%, respectively - over the past six years with strong numbers spanning the decades before that.
In the prior 12 months International Business Machines's stock price has increased by 16.43% from 139.03 to 161.87.
Q1 revenue missed, and while Q1 EPS as International Business Machines Corp. The analysts offering Earnings Estimates for the company were believing that International Business Machines Corporation (IBM) could bring EPS of $4.88/share. "(IBM) Receives "Hold" Rating from Oppenheimer Holdings Inc." was reported by The Cerbat Gem and is the property of of The Cerbat Gem. Hemenway Trust Co LLC purchased a new stake in International Business Machines Corp. during the fourth quarter valued at about $110,000.
Based on the latest brokerage notes which have been released to investors, 3 brokers have issued a rating of "strong buy", 3 brokers "buy", 14 brokers "neutral", 3 brokers "sell" and 2 brokers "strong sell". The stock now has a consensus rating of Hold and an average price target of $167.47. Following the transaction, the insider now owns 29,856 shares of the company's stock, valued at $5,323,623.36. At the moment, the 14-day ATR for International Business Machines Corporation (NYSE:IBM) is noted at 1.80.
International Business Machines Corporation has a 50 day moving average of 175.91 and a 200 day moving average of 167.24. During the past three month period the stock surged 1.74% and increased 11.75% in past six month. (NYSE:IBM) reports it was basically in-line, Jefferies views these earnings results as poor quality given a a large contribution from IP income and an artificially low tax rate.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. This puts the year-to-date return at -2%. Also, insider James J. Kavanaugh sold 559 shares of the company's stock in a transaction on Tuesday, February 7th. The current value of the RSI is 29.49 that is in oversold range.
Now the P/E of International Business Machines Corporation stands at 13.7. If you are reading this story on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark law. The correct version of this news story can be read at https://www.themarketsdaily.com/2017/04/19/teachers-advisors-llc-has-240-402-million-stake-in-international-business-machines-corp-ibm.html. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company's stock. Significantly, the stock is trading well below the average price of $172 a share paid by Warren Buffett. The disclosure for this sale can be found here. LLC boosted its stake in International Business Machines Corp.by 3.9% in the third quarter. International Business Machines had 66 analyst reports since July 21, 2015 according to SRatingsIntel. The revenue in the technology services and cloud platforms business fell 2.5 percent to $8.2 billion. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.