Somewhat Favorable Media Coverage Somewhat Unlikely to Impact International Business Machines Corporation (NYSE:IBM) Stock Price

News headlines about International Business Machines Corporation (NYSE:IBM) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. International Business Machines Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.8408581086164 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

Shares of International Business Machines Corporation (NYSE:IBM) opened at 141.84 on Friday. The company has a market capitalization of $132.19 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97. International Business Machines Corporation has a one year low of $141.19 and a one year high of $182.79. The stock has a 50 day moving average of $149.20 and a 200-day moving average of $162.50.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.95 EPS. On average, equities analysts expect that International Business Machines Corporation will post $13.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.23%. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

Several brokerages have recently commented on IBM. Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday. Wedbush restated a “neutral” rating and set a $155.00 price objective on shares of International Business Machines Corporation in a report on Wednesday. Vetr downgraded shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price objective for the company. in a report on Monday, August 7th. BidaskClub downgraded shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, UBS AG restated a “neutral” rating and set a $159.00 price objective (down previously from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. International Business Machines Corporation presently has an average rating of “Hold” and a consensus price target of $157.40.

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In other news, Director James W. Owens bought 1,718 shares of the stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average cost of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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