In the latest trading session, 11,232,571 International Business Machines Corporation (NYSE:IBM) shares changed hands as the company’s beta touched 1.2. With the company’s most recent per share price at $139.2 changing hands around $6.08 or 0.05% at last look, the market valuation stands at $124.1 Billion. IBM’s current price is a discount, trading about -0.41% off its 52-week high of $139.77. The share price had its 52-week low at $105.92, which suggests the last value was 23.91% up since then. When we look at International Business Machines Corporation’s average trading volume, we note the 10-day average is 4.61 Million shares, with the 3-month average coming to 6.72 Million.
Analysts gave the International Business Machines Corporation (IBM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.6. If we narrow down to specifics, the data shows that 2 out of 17 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 10 recommended IBM as a Hold, 5 felt it is a Buy and none rated the stock as Underweight. International Business Machines Corporation’s EPS for the current quarter is expected to be $2.42.
International Business Machines Corporation (NYSE:IBM) trade information
Instantly IBM is in green as seen in intraday trades today. With action 4.57%, the performance over the past five days has been green. The jump to weekly highs of $139.7 on Tuesday, Apr 20 added 0.8% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.1%, with the 5-day performance at 0.06% in the green. However, in the 30-day time frame, International Business Machines Corporation (NYSE:IBM) is 0.08% up. Looking at the short shares, we see there were 27.01 Million shares sold at short interest cover period of 4.02 days.
The consensus price target for the stock as assigned by Wall Street analysts is $140.03, meaning bulls need an upside of 0.6% from its recent market value. According to analyst projections, IBM’s forecast low is $115 with $165 as the target high. To hit the forecast high, the stock’s price needs a +18.53% upsurge from its latest level, while the stock would need to tank -17.39% for it to hit the projected low.
International Business Machines Corporation (IBM) estimates and forecasts
Data shows that the International Business Machines Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +6.59% over the past 6 months, a 28.6% in annual growth rate that is considerably higher than the industry average of 5.4%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for International Business Machines Corporation will rise +11%, while the growth in revenue is estimated to hit 5.4% for the next quarter. Year-over-year growth is forecast to reach 0.6% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $18.23 Billion. 10 analysts are of the opinion that International Business Machines Corporation’s revenue for the quarter ending September 01, 2021 will be $17.71 Billion. The company’s revenue for the corresponding quarter a year ago was $17.72 Billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.9%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -14.4%. The 2021 estimates are for International Business Machines Corporation earnings to decrease by -41.7%, but the outlook for the next 5-year period is at 5.76% per year.
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International Business Machines Corporation is expected to release its next quarterly earnings report around July 19, 2021. The 4.88% annual yield figure for the share gives it an annual dividend of 6.52. It is important to note, however, that the 4.88% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.36% per year.
International Business Machines Corporation (NYSE:IBM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.13% of International Business Machines Corporation shares while 58.2% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.28%. There are 2699 institutions holding the International Business Machines Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2020, the company held 8.26% of the shares, roughly 73.81 Million IBM shares worth $9.29 Billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.97% or 62.27 Million shares worth $7.84 Billion as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 25108610 shares estimated at $3.16 Billion under it, the former controlled 2.81% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2% of the shares, roughly 17.85 Million shares worth around $2.25 Billion.