At the time of writing, International Business Machines Corp. [IBM] stock is trading at $177.30, up 1.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The IBM shares have gain 2.72% over the last week, with a monthly amount glided 6.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
International Business Machines Corp. [NYSE: IBM] stock has seen the most recent analyst activity on June 24, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $200. Previously, Exane BNP Paribas started tracking the stock with Underperform rating on May 02, 2024, and set its price target to $145. On January 19, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $200 on the stock. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $180 on January 05, 2024. Societe Generale downgraded its rating to a Sell but $143 remained the price target by the analyst firm on January 05, 2024. BofA Securities reiterated a Buy rating for this stock on December 05, 2023, and upped its price target to $170. In a note dated September 20, 2023, RBC Capital Mkts initiated an Outperform rating and provided a target price of $188 on this stock.
For the past year, the stock price of International Business Machines Corp. fluctuated between $131.55 and $199.18. Currently, Wall Street analysts expect the stock to reach $170.89 within the next 12 months. International Business Machines Corp. [NYSE: IBM] shares were valued at $177.30 at the most recent close of the market. An investor can expect a potential drop of -3.62% based on the average IBM price forecast.
Analyzing the IBM fundamentals
According to International Business Machines Corp. [NYSE:IBM], the company’s sales were 62.07B for trailing twelve months, which represents an 1.47% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.36 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 175.25 points at the first support level, and at 173.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 178.42, and for the 2nd resistance point, it is at 179.53.
Ratios To Look Out For
It is important to note that International Business Machines Corp. [NYSE:IBM] has a current ratio of 1.10. On the other hand, the Quick Ratio is 1.06, and the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 2.62, the price to book ratio is 7.00 and price to earnings (TTM) ratio is 20.08.
Transactions by insiders
Recent insider trading involved BROWDY MICHELLE H, Senior Vice President, that happened on Feb 01 ’24 when 9800.0 shares were sold.
