News stories about International Business Machines (NYSE:IBM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. International Business Machines earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.3429261364951 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- An International Business Machines Corporation Stock Earnings Primer – Investorplace.com (investorplace.com)
- IBM to reassign 30 percent of Global Services staff in 2018: The Register – Reuters (reuters.com)
- IBM: Sellers Gone Crazy – Seeking Alpha (seekingalpha.com)
- IBM installs new CFO – MarketWatch (marketwatch.com)
- IBM Plans Massive Cost Cuts – Will It Boost Earnings? – Seeking Alpha (seekingalpha.com)
Shares of International Business Machines (IBM) opened at $163.14 on Friday. International Business Machines has a one year low of $139.13 and a one year high of $182.79. The company has a market cap of $151,030.00, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.
International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $3.29 earnings per share. equities analysts forecast that International Business Machines will post 13.78 earnings per share for the current year.
Several research analysts have commented on the stock. BMO Capital Markets restated a “hold” rating and issued a $175.00 price objective on shares of International Business Machines in a report on Thursday. They noted that the move was a valuation call. Societe Generale set a $152.00 price target on shares of International Business Machines and gave the stock a “sell” rating in a research note on Friday. Zacks Investment Research upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a research note on Wednesday. Berenberg Bank set a $125.00 price objective on shares of International Business Machines and gave the company a “sell” rating in a research report on Wednesday, October 18th. Finally, Vetr downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price objective on the stock. in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $159.90.
International Business Machines Company Profile
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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