International Business Machines Corporation (NYSE:IBM) registered a -0.36% decrease, still its new closing price is 47.22% up from the company’s 1 year high of 169.95.It posted -1.29% losses in previous 5 sessions and is now the subject of 16 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 26 stock analysts following this company have an average price target at $159.00, with individual PT in the $110.00-$192.00 range. The shares moved at $167.34, implying that brokerage firms see shares gaining about 30.70% in twelve months time.
International Business Machines Corporation (IBM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 0.81% rise year to date. A Senior Vice President at International Business Machines Corporation (IBM) offloaded shares in a transaction closed on Tuesday November 22, 2016. van Kralingen Bridget A sold 2,107 shares in the company at $162.44 each and collected $342,000 in proceeds. van Kralingen Bridget A now owns 2,522 shares in the company after this transaction. A Senior Vice President in the company, IWATA JON C, disclosed a transaction on Tuesday November 15, 2016 that ended up generating $3,151,000 from the sale of 19,866 shares at $158.63 per share.
International Business Machines Corporation (NYSE:IBM) Upcoming Results on Tap
International Business Machines Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $3.27 in that period. Sales during the quarter are predicted to arrive at $18.54 billion.
Earnings surprise history: Last quarter, the company posted approximately $19.23 billion in revenue and EPS of $3.29. The mean forecast was for $19 billion and $3.23 a share, respectively. One quarter earlier, revenue for the stock was at $20.24 billion, with earnings at $2.95/share.
International Business Machines Corporation (IBM) Brokerage Update
International Business Machines Corporation (IBM) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by BofA/Merrill, according to news reported on Thursday November 10, 2016.Another important research note was issued by Societe Generale on Monday September 26, 2016.The firm upgraded IBM to Hold from Sell. Over the last six months and over the last three months, the shares of International Business Machines Corporation (IBM), have changed 6.59% and 9.85%, respectively.
International Business Machines Corporation (NYSE:IBM) on January 12, 2017 announced that Ermes Group, the largest and most diversified retailer in Cyprus, is leveraging its cloud-based Watson Commerce pricing optimization solutions to help ensure that product markdowns resonate with value-seeking customers while maximizing profits for across all of its retail locations relating to Debenhams Department Stores, Next Stores, Oviesse Stores, Peacocks Stores and Uber Stores.
Product pricing mark downs are a common practice for retailers today. The challenge is identifying the ideal price point and timing of these discounts to deliver cost-conscious customers great deals while avoiding the need to sell items at a loss that erodes potential profits. This was precisely the issue for Ermes Group, which decided to move from a rather manual approach to IBM’s cloud-based Watson Price Optimization capabilities.
Working with IBM, Ermes is now able to automatically determine which specific products in each store should be marked down due to stagnant sales, what the new price should be and when the reduction should take place. Previously, teams had to manually go line by line for every product to determine how it was performing and if they should put it on sale. Since going live with IBM, Ermes has significantly streamlined its retail pricing strategy while increasing profits.