International Business Machines Corp. (NYSE: IBM) closed the day trading at $190.80 up 1.22% from the previous closing price of $188.50. In other words, the price has increased by $+2.30 from its previous closing price. On the day, 3686044 shares were traded.
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Ratios:
For a better understanding of IBM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.79. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.34.
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 174.91B and an Enterprise Value of 221.41B. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.49, and their Forward P/E ratio for the next fiscal year is 17.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 7.75. Its current Enterprise Value per Revenue stands at 3.58 whereas that against EBITDA is 15.07.
Stock Price History:
The Beta on a monthly basis for IBM is 0.70, which has changed by 47.66% over the last 52 weeks, in comparison to a change of 29.57% 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 186.37, while the 200-Day Moving Average is calculated to be 156.51.
Shares Statistics:
Over the past 3-months, IBM traded about 5.14M shares per day on average, while over the past 10 days, IBM traded about 4.85M shares per day. 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 60.20% stake in the company. Shares short for IBM as of Feb 29, 2024 were 22M with a Short Ratio of 4.54, compared to 23.51M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.40% and a Short% of Float of 2.40%.
Dividends & Splits
IBM’s forward annual dividend rate is 6.64, up from 6.63 a year ago. Against a Trailing Annual Dividend Yield of 3.52%, it implies a Forward Annual Dividend Yield of 3.48%. The stock’s 5-year Average Dividend Yield is 4.86. The current Payout Ratio is 81.49% for IBM, which recently paid a dividend on Mar 09, 2024 with an ex-dividend date of Feb 08, 2024. Stock splits for the company last occurred on Nov 04, 2021 when the company split stock in a 1046:1000 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $1.59 for the current quarter, with a high estimate of $1.76 and a low estimate of $1.44, while EPS last year was $1.36. The consensus estimate for the next quarter is $2.31, with high estimates of $2.41 and low estimates of $2.21.
Analysts are recommending an EPS of between $10.51 and $9.84 for the fiscal current year, implying an average EPS of $10.1. EPS for the following year is $10.67, with 17 analysts recommending between $11.18 and $10.43.
Revenue Estimates
11 analysts predict $14.57B in revenue for the current quarter. It ranges from a high estimate of $14.69B to a low estimate of $14.4B. As of the current estimate, International Business Machines Corp.’s year-ago sales were $14.25B, an estimated increase of 2.30% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $15.89B, an increase of 2.00% less than the figure of $2.30% in the same quarter last year. There is a high estimate of $16.14B for the next quarter, whereas the lowest estimate is $15.78B.
A total of 18 analysts have provided revenue estimates for IBM’s current fiscal year. The highest revenue estimate was $64.16B, while the lowest revenue estimate was $63.25B, resulting in an average revenue estimate of $63.8B. In the same quarter a year ago, actual revenue was $61.86B, up 3.10% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $66.72B in the next fiscal year. The high estimate is $68.38B and the low estimate is $63.84B. The average revenue growth estimate for next year is up 4.60% from the average revenue estimate for this year.
