International Business Machines with ticker code (IBM) now have 16 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 165 and 110 calculating the mean target price we have $146.13. Given that the stocks previous close was at $129.34 and the analysts are correct then we can expect a percentage increase in value of 13.0%. The 50 day moving average now sits at $131.90 and the 200 day MA is $134.62. The market capitalization for the company is $116,262m. Find out more information at: https://www.ibm.com
The potential market cap would be $131,354m based on the market consensus.
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
The company has a dividend yield of 5.1% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 21.3, revenue per share of 67.06 and a 3.65% return on assets.
