News headlines about IBM (NYSE:IBM) have trended somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. IBM earned a news impact score of 0.57 on their scale. InfoTrie also assigned news articles about the technology company an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted IBM’s ranking:
- 3 Top Stocks that Are Cash Cows (finance.yahoo.com)
- IBM laying off thousands, seeking “flexibility” during COVID-19 crisis (arstechnica.com)
- IBM to cut jobs for first time under new CEO Arvind Krishna (cnbc.com)
- IBM is cutting ‘several thousand’ jobs, a month after new CEO Arvind Krishna withdrew its financial outlook (businessinsider.com)
- IBM, HPE announce major job and salary cuts – ITProPortal (itproportal.com)
Shares of IBM stock opened at $118.39 on Friday. IBM has a fifty-two week low of $90.56 and a fifty-two week high of $158.75. The firm has a market capitalization of $105.77 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 3.10 and a beta of 1.24. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.96. The stock’s 50-day simple moving average is $119.54 and its 200-day simple moving average is $130.06.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a $1.63 dividend. The ex-dividend date is Thursday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 5.51%. This is a positive change from IBM’s previous quarterly dividend of $1.62. IBM’s dividend payout ratio is currently 50.90%.
Several analysts have recently weighed in on IBM shares. Wells Fargo & Co decreased their target price on IBM from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Citigroup lifted their price objective on IBM from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. ValuEngine downgraded IBM from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. Credit Suisse Group restated a “buy” rating and issued a $150.00 price objective on shares of IBM in a report on Tuesday, April 21st. Finally, UBS Group decreased their price objective on IBM from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $135.07.
In related news, VP Bene Robert F. Del sold 1,175 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $140.38, for a total value of $164,946.50. Following the sale, the vice president now owns 8,966 shares in the company, valued at $1,258,647.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by corporate insiders.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.
See Also: Liquidity
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