why International Business Machines Corporation [IBM] is a Good Choice for Investors After New Price Target of $139.96

International Business Machines Corporation [NYSE: IBM] closed the trading session at $136.83 on 11/02/22. The day’s price range saw the stock hit a low of $136.80, while the highest price level was $140.17. The company report on November 2, 2022 that IBM Awards $5 Million in Grants To Bolster Cybersecurity in Public Schools.

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IBM on Monday announced the first eight recipients of the 2022 IBM Education Security Preparedness Grants, a package that totals $5 million to schools in six U.S. states, Ireland, and the United Arab Emirates.

Ray Sims, global lead for training and education at IBM Security X-Force, said each school will receive around $500,000.

The stocks have a year to date performance of 2.37 percent and weekly performance of 1.35 percent. The stock has been moved at -0.41 percent over the last six months. The stock has performed 9.03 percent around the most recent 30 days and changed 3.94 percent over the most recent 3-months.

If compared to the average trading volume of 4.27M shares, IBM reached to a volume of 5353093 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $139.96 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 2.40. 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.

UBS have made an estimate for International Business Machines Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on October 20, 2022. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $125 to $135. The new note on the price target was released on October 20, 2022, representing the official price target for International Business Machines Corporation stock. Previously, the target price had yet another drop from $158 to $155, while Credit Suisse kept a Outperform rating on IBM stock. On October 12, 2022, analysts decreased their price target for IBM shares from 163 to 158.

The Average True Range (ATR) for International Business Machines Corporation is set at 3.05, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 1.99. The Price to Book ratio for the last quarter was 6.16, with the Price to Cash per share for the same quarter was set at 10.88. Price to Free Cash Flow for IBM in the course of the last twelve months was 70.89 with Quick ratio for the last quarter at 0.90.

IBM stock trade performance evaluation

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 1.35. With this latest performance, IBM shares gained by 9.03% in over the last four-week period, additionally sinking by -0.41% over the last 6 months – not to mention a rise of 13.53% 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 67.66, with the RSI for the last a single of trading hit 72.20, and the three-weeks RSI is set at 63.17 for International Business Machines Corporation [IBM]. The present Moving Average for the last 50 days of trading for this stock 126.98, while it was recorded at 137.32 for the last single week of trading, and 131.44 for the last 200 days.

International Business Machines Corporation [IBM]: An insightful look at the core 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 +12.25 and a Gross Margin at +53.72. International Business Machines Corporation’s Net Margin is presently recorded at +8.22.

Return on Equity for this stock inclined to 23.86, with Return on Assets sitting at 3.27.

International Business Machines Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for International Business Machines Corporation [IBM] stock

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 9.22%.

International Business Machines Corporation [IBM]: Insider Ownership positions

There are presently around $69,851 million, or 57.50% of IBM stock, in the hands of institutional investors. The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 77,369,131, which is approximately 0.477% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 69,758,860 shares of the stock with an approximate value of $9.55 billion in IBM stocks shares; and STATE STREET CORP, currently with $7.25 billion in IBM stock with ownership of nearly -1.449% of the company’s market capitalization.

Positions in International Business Machines Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,236 institutional holders increased their position in International Business Machines Corporation [NYSE:IBM] by around 29,248,943 shares. Additionally, 909 investors decreased positions by around 18,795,568 shares, while 315 investors held positions by with 462,448,285 shares. The mentioned changes placed institutional holdings at 510,492,796 shares, according to the latest SEC report filing. IBM stock had 135 new institutional investments in for a total of 3,548,851 shares, while 147 institutional investors sold positions of 3,229,572 shares during the same period.


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