Market Analysts see International Business Machines Corporation [IBM] gaining to $140. Time to buy?

International Business Machines Corporation [NYSE: IBM] traded at a high on 07/26/21, posting a 1.01 gain after which it closed the day’ session at $142.77. The company report on July 27, 2021 that Announcing IBM z/OS V2.5, Next-Gen Operating System Designed for Hybrid Cloud and AI.

V2.5 Brings AI Capabilities to IBM Z, Strengthens Security, Introduces New Capabilities for Application Modernization.

IBM (NYSE: IBM) announced IBM z/OS V2.5, the next-generation operating system (OS) for IBM Z, designed to accelerate client adoption of hybrid cloud and AI and drive application modernization projects.

The results of the trading session contributed to over 4240799 shares changing hands. Over the past one week, the price volatility of International Business Machines Corporation stands at 1.81% while the volatility over the past one month is 1.71%.

The market cap for IBM stock reached $127.00 billion, with 893.63 million shares outstanding and 892.33 million shares in the current float. Compared to the average trading volume of 4.80M shares, IBM reached a trading volume of 4240799 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about International Business Machines Corporation [IBM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBM shares is $143.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBM stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Societe Generale have made an estimate for International Business Machines Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 20, 2021. The new note on the price target was released on September 23, 2020, representing the official price target for International Business Machines Corporation stock. Previously, the target price had yet another raise to $155, while Argus analysts kept a Buy rating on IBM stock. On April 21, 2020, analysts increased their price target for IBM shares from 107 to 111.

The Average True Range (ATR) for International Business Machines Corporation is set at 2.40, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 5.97, with the Price to Cash per share for the same quarter was set at 12.51. Price to Free Cash Flow for IBM in the course of the last twelve months was 12.98 with Quick ratio for the last quarter at 0.90.

How has IBM stock performed recently?

International Business Machines Corporation [IBM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.52. With this latest performance, IBM shares dropped by -1.84% in over the last four-week period, additionally plugging by 20.40% over the last 6 months – not to mention a rise of 13.50% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IBM stock in for the last two-week period is set at 51.94, with the RSI for the last a single of trading hit 56.99, and the three-weeks RSI is set at 50.69 for International Business Machines Corporation [IBM]. The present Moving Average for the last 50 days of trading for this stock 144.26, while it was recorded at 141.22 for the last single week of trading, and 130.83 for the last 200 days.

International Business Machines Corporation [IBM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and International Business Machines Corporation [IBM] shares currently have an operating margin of +13.14 and a Gross Margin at +47.34. International Business Machines Corporation’s Net Margin is presently recorded at +7.47.

Return on Total Capital for IBM is now 10.97, given the latest momentum, and Return on Invested Capital for the company is 6.99. Return on Equity for this stock inclined to 26.55, with Return on Assets sitting at 3.57. When it comes to the capital structure of this company, International Business Machines Corporation [IBM] has a Total Debt to Total Equity ratio set at 322.71. Additionally, IBM Total Debt to Total Capital is recorded at 76.34, with Total Debt to Total Assets ending up at 42.62. Long-Term Debt to Equity for the company is recorded at 281.25, with the Long-Term Debt to Total Capital now at 66.53.

Reflecting on the efficiency of the workforce at the company, International Business Machines Corporation [IBM] managed to generate an average of $14,658 per employee. Receivables Turnover for the company is 3.39 with a Total Asset Turnover recorded at a value of 0.48.International Business Machines Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Earnings analysis for International Business Machines Corporation [IBM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IBM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for International Business Machines Corporation go to 16.36%.

Insider trade positions for International Business Machines Corporation [IBM]

There are presently around $71,868 million, or 57.70% of IBM stock, in the hands of institutional investors. The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 74,696,744, which is approximately 1.206% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 64,286,216 shares of the stock with an approximate value of $9.18 billion in IBM stocks shares; and STATE STREET CORP, currently with $7.4 billion in IBM stock with ownership of nearly -0.269% of the company’s market capitalization.

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Positions in International Business Machines Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,090 institutional holders increased their position in International Business Machines Corporation [NYSE:IBM] by around 24,755,368 shares. Additionally, 931 investors decreased positions by around 25,683,526 shares, while 262 investors held positions by with 452,942,972 shares. The mentioned changes placed institutional holdings at 503,381,866 shares, according to the latest SEC report filing. IBM stock had 158 new institutional investments in for a total of 2,887,456 shares, while 109 institutional investors sold positions of 7,146,657 shares during the same period.

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