International Business Machines with ticker code (IBM) have now 15 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 162 and 110 and has a mean target at $142.07. Given that the stocks previous close was at $125.89 and the analysts are correct then we can expect a percentage increase in value of 12.9%. It’s also worth noting that there is a 50 day moving average of $128.61 and the 200 day moving average is $133.64. The total market capitalization for the company now stands at $114,277m. Company Website: https://www.ibm.com
The potential market cap would be $128,965m 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 has collaboration agreement with Siemens Digital Industri Software to develop a combined software solution. 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 5.27% with the ex dividend date set at 9-5-2023 (DMY).
Other points of data to note are a P/E ratio of 56.18, revenue per share of 66.97 and a 3.45% return on assets.
