IBM (NYSE: IBM)‘s stock had its “buy” rating restated by analysts at Goldman Sachs in a research report issued to clients and investors on Friday. They currently have a $233.00 price target on the stock.
A number of other analysts have also recently weighed in on IBM. Analysts at TheStreet reiterated a “buy” rating on shares of IBM in a research note to investors on Thursday. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of IBM in a research note to investors on Wednesday. They now have a $215.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of IBM in a research note to investors on Tuesday. They now have a $230.00 price target on the stock.
Ten equities research analysts have rated the stock with a buy rating, three have assigned an overweight rating, fifteen have assigned a hold rating, and one has given an underweight rating to the company’s stock. The stock presently has a consensus rating of “overweight” and an average target price of $225.05.
Shares of IBM traded up 0.95% during mid-day trading on Friday, hitting $202.73. IBM has a 52 week low of $181.85 and a 52 week high of $211.79. The stock’s 50-day moving average is currently $199.7. The company has a market cap of $227.1 billion and a P/E ratio of 13.98.
IBM last posted its quarterly earnings results on Tuesday, January 22nd. The company reported $5.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $5.25 by $0.14. The company had revenue of $29.30 billion for the quarter, compared to the consensus estimate of $29.09 billion. During the same quarter in the previous year, the company posted $4.71 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. IBM has set its FY13 guidance at at least $16.70 EPS. On average, analysts predict that IBM will post $16.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 9th. Investors of record on Friday, February 8th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 6th.
International Business Machines Corporation (IBM) is an information technology (IT) company. IBM operates in five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems and Technology and Global Financing.
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