Technology

International Business Machines Corp. (NYSE:IBM) Has 33 Percent Upside Potential

International Business Machines Corp. (NYSE:IBM) shares traded -0.90% during the most recent session the stock exchanged hands 4.94M shares versus average trading capacity of 4.62M shares, yielding a market cap of $149.20B. Wall Street analysts covering the stock are projecting that the stock will reach $166.70 within the next 52-weeks. The mean target projections are based on 20 opinions, the mean target was last revised on 04/25/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have International Business Machines Corp. (NYSE:IBM) high price target of $212.00 and with a conservative view have low price target of $110.00 with a standard deviation of $24.40. If seeing target price from optimistic overview then it has a 33 percent upside potential from the latest closing price of $158.84.

International Business Machines Corp. (NYSE:IBM) received “Reiterated” rating by RBC Capital Mkts in a research note issued to investors on Apr-19-17 as Sector Perform from $185 to $180.

Additionally on Apr-19-17 International Business Machines Corp. (NYSE:IBM) was “Downgraded” by Societe Generale from Hold to Sell and on Apr-04-17 the stock was “Initiated” by Berenberg as Sell at $140. Furthermore on Mar-16-17 the stock was “Reiterated” by Morgan Stanley as Overweight from $187 to $212.

On the other hand the company has Relative Strength Index (RSI 14) of 17.00 along with Average True Range (ATR 14) of 1.94, Consequently International Business Machines Corp. (NYSE:IBM)’s weekly and monthly volatility is 0.79%, 1.01% respectively. The company’s beta value is at 0.96.

In terms of Buy, Sell or Hold recommendations, International Business Machines Corp. (NYSE:IBM) has analysts’ mean recommendation of 2.90. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that International Business Machines Corp. (NYSE:IBM) will report earnings of $2.77 for the current quarter on or around 7/17/17, however the company’s high EPS estimates are $3.22 and low estimates are $2.65. However the company reported $2.95 earnings per share for the same quarter during last year.

Previously International Business Machines Corp. (NYSE:IBM) reported $2.38 earnings per share (EPS) for the quarter on 4/18/2017 After Market Close, beating the consensus estimate of $2.34 by $0.04. The company posted an earnings surprise of 1.71%.

While considering growth estimates of the company, it has next quarter growth estimates of 2.70% whereas during current quarter it has -6.10% estimations over growth, comparing to the estimations of 0.90% during current year and 1.80% for next year. Past 5 years growth of International Business Machines Corp. (NYSE:IBM) observed at -2.67%, looking forward for the next 5 years it has a strong prediction of 2.56% over growth.

International Business Machines Corp. (NYSE:IBM)’s revenue estimates for the current quarter are $19.5B according to 18 number of analysts, for the current quarter the company has high revenue estimates of $19.84B in contradiction of low revenue estimates of $19.11B. For the current year the company’s revenue estimates are $78.28B compared to low analyst estimates of $76.78B and high estimates of $79.32B according 23 number of analysts.

Currently International Business Machines Corp. (NYSE:IBM)’s shares owned by insiders are 0.05%, whereas shares owned by institutional owners are 62.10%. However the six-month change in the insider ownership was recorded -5.72%, as well as three-month change in the institutional ownership was recorded -0.08%.

International Business Machines Corp. (NYSE:IBM) is trading -13.10% away from its 52 week high of $182.79 and +15.13% far from the stock’s low point over the past 52 weeks, which was $137.97. The stock hit its 52-week high on 02/16/17, and 52-week low on 06/27/16. The company’s trailing twelve month income is 11.62B dollars and is paying 3.53% dividend yield annually.

International Business Machines Corp. (NYSE:IBM)’s trailing twelve month revenues are $79.39B, whereas its price to sales ratio for the same period is 1.88. Its book value per share for the most recent quarter is $19.45 while its price to book ratio for the same period is 8.17, as for as the company’s cash per share for the most recent quarter is $11.44, however its price to cash per share ratio for the same period is 13.89. The stock has a current PEG ratio of 5.09 where as its trailing twelve month P/E ratio is 13.05.

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