Argus Reiterates International Business Machines Corp. to Buy with Price Target $192

Brokerage firm Argus Reiterates its rating on International Business Machines Corp.(IBM). As per the latest information, Argus Raises the price target to $192 per share from a prior target of $185. The shares have been rated Buy. The rating by the stock financial advisor at Argus was issued on Mar 22, 2017 in a research report to their Investors and Clients.

International Business Machines Corp. (IBM) shares turned negative on Fridays trading session with the shares closing down -0.99 points or -0.57% at a volume of 32,21,675. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $175.5. The peak price level was also seen at $175.5 while the days lowest was $173.39. Finally the shares closed at $173.83. The 52-week high of the shares is $182.79 while the 52-week low is $142.5. According to the latest information available, the market cap of the company is $163,959 M.

International Business Machines Corp.(IBM) last announced its earnings results on Jan 19, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $21.770B. Analysts had an estimated revenue of $21.740B. Earnings per share were $5.01. Analysts had estimated an EPS of $4.9.

Several Insider Transactions has been reported to the SEC. On Feb 14, 2017, Diane J Gherson (Senior Vice President) sold 5,000 shares at $179.18 per share price.Also, On Feb 8, 2017, James J Kavanaugh (Senior Vice President) sold 559 shares at $178.31 per share price.On Nov 23, 2016, Kralingen Bridget A Van (Senior Vice President) sold 2,107 shares at $162.44 per share price, according to the Form-4 filing with the securities and exchange commission.

International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS) which includes Strategic Outsourcing Integrated Technology Services Cloud and Technology Support Services and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS) which offers its services across Consulting and Systems Integration Global Process Services and Application Management Services; Software which consists of middleware and operating systems software; Systems and Technology (STG) which provides infrastructure technologies and Global Financing which provides financing solutions for products or services that are critical to the end users’ business operations. Its IBM Watson Health Cloud platform collects clinical research and social data from a range of health sources and creates a cloud-based data sharing hub.

Add Comment