In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $167.13 in the prior trading day, International Business Machines Corp. (NYSE: IBM) closed at $167.43, up 0.18%. In other words, the price has increased by $0.18 from its previous closing price. On the day, 5.26 million shares were traded. IBM stock price reached its highest trading level at $168.22 during the session, while it also had its lowest trading level at $166.225.
Ratios:
Our goal is to gain a better understanding of IBM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 2.70 whereas as Long-Term Debt/Eq ratio is at 2.43.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on January 19, 2024, Upgraded its rating to Outperform and sets its target price to $200 from $165 previously.
On January 05, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $180.
Societe Generale Downgraded its Hold to Sell on January 05, 2024, while the target price for the stock was maintained at $143.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 01 ’24 when BROWDY MICHELLE H sold 9,800 shares for $184.85 per share. The transaction valued at 1,811,524 led to the insider holds 119,498 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IBM now has a Market Capitalization of 153490620416 and an Enterprise Value of 197394792448. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.96, and their Forward P/E ratio for the next fiscal year is 15.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 6.80. Its current Enterprise Value per Revenue stands at 3.18 whereas that against EBITDA is 13.846.
Stock Price History:
The Beta on a monthly basis for IBM is 0.73, which has changed by 0.33772767 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, IBM has reached a high of $199.18, while it has fallen to a 52-week low of $120.55. The 50-Day Moving Average of the stock is -10.71%, while the 200-Day Moving Average is calculated to be 3.50%.
Shares Statistics:
The stock has traded on average 4.69M shares per day over the past 3-months and 6093960 shares per day over the last 10 days, according to various share statistics. A total of 916.75M shares are outstanding, with a floating share count of 915.86M. Insiders hold about 0.10% of the company’s shares, while institutions hold 60.11% stake in the company. Shares short for IBM as of 1713139200 were 22452416 with a Short Ratio of 4.79, compared to 1710460800 on 23331344. Therefore, it implies a Short% of Shares Outstanding of 22452416 and a Short% of Float of 2.4500001.
Dividends & Splits
In the trailing 12 months, IBM’s forward annual dividend rate was 6.64, compared to 6.64 this year. Against a Trailing Annual Dividend Yield of 0.03972955The stock’s 5-year Average Dividend Yield is 4.85. The current Payout Ratio is 81.49% for IBM, which recently paid a dividend on 2024-02-08 with an ex-dividend date of 1707350400. Stock splits for the company last occurred on 2021-11-04 when the company split stock in a 1046:1000 ratio.
Earnings Estimates
The current rating of International Business Machines Corp. (IBM) is the result of assessments by 12.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $2.07 for the current quarter, with a high estimate of $2.23 and a low estimate of $1.94, while EPS last year was $2.18. The consensus estimate for the next quarter is $2.09, with high estimates of $2.17 and low estimates of $1.99.
Analysts are recommending an EPS of between $9.82 and $9.08 for the fiscal current year, implying an average EPS of $9.36. EPS for the following year is $9.85, with 17.0 analysts recommending between $10.44 and $9.21.
Revenue Estimates
11 analysts predict $14.63B in revenue for the current quarter. It ranges from a high estimate of $14.93B to a low estimate of $14.44B. As of the current estimate, International Business Machines Corp.’s year-ago sales were $15.57BFor the next quarter, 11 analysts are estimating revenue of $14.11B. There is a high estimate of $14.37B for the next quarter, whereas the lowest estimate is $13.91B.
A total of 18 analysts have provided revenue estimates for IBM’s current fiscal year. The highest revenue estimate was $59.87B, while the lowest revenue estimate was $58.42B, resulting in an average revenue estimate of $59.16B. In the same quarter a year ago, actual revenue was $61.86BBased on 17 analysts’ estimates, the company’s revenue will be $61.83B in the next fiscal year. The high estimate is $63.88B and the low estimate is $59.64B.
