International Business Machines (IBM) Given Daily Coverage Optimism Score of 0.17
News headlines about International Business Machines (NYSE:IBM) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. International Business Machines earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.5186236653243 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Warren Buffett: Net, we're buying stocks right now (finance.yahoo.com)
- Reasons Why IBM is Worth Holding in Your Portfolio Now (finance.yahoo.com)
- Here’s how Goldman says to trade Microsoft and IBM ahead of their earnings (finance.yahoo.com)
- Fade the Rally in International Business Machines Corp. Stock (investorplace.com)
- FY2017 EPS Estimates for International Business Machines Corp. Boosted by Wedbush (IBM) (americanbankingnews.com)
Shares of International Business Machines (IBM) traded up $0.35 during mid-day trading on Wednesday, reaching $164.18. The company had a trading volume of 4,173,955 shares, compared to its average volume of 5,735,542. International Business Machines has a 12 month low of $139.13 and a 12 month high of $182.79. The stock has a market capitalization of $152,000.00, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.
International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $3.29 earnings per share. research analysts predict that International Business Machines will post 13.78 EPS for the current year.
Several research analysts have recently issued reports on IBM shares. Drexel Hamilton restated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and issued a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Vetr upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 target price on the stock in a report on Tuesday, October 24th. Finally, Pivotal Research started coverage on shares of International Business Machines in a report on Friday, October 27th. They issued a “buy” rating and a $180.00 target price on the stock. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company. International Business Machines has a consensus rating of “Hold” and an average target price of $160.01.
About International Business Machines
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
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