The shares of International Business Machines Corporation (NYSE:IBM) has been pegged with a rating of Market Perform by Wells Fargo in its latest research note that was published on January 23rd, 2019. The research company has also assigned a $140 price target. Wells Fargo wasn’t the only research firm that published a report of International Business Machines Corporation, with other equities research analysts also giving their opinion on the stock. RBC Capital Mkts advised investors in its research note published on January 23rd, 2019, to Outperform the IBM stock while also putting a $160 price target. The stock had earned Buy rating from Citigroup when it published its report on January 23rd, 2019. That day the Citigroup set price target on the stock to $130. The stock was given Hold rating by Argus in its report released on October 18th, 2018. MoffettNathanson was of a view that IBM is Sell in its latest report on October 4th, 2018 while giving it a price target of $150. Wells Fargo thinks that IBM is worth Market Perform rating. This was contained in the firm’s report on July 30th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $141.06. The price of the stock the last time has raised by 35.00% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.69.
The shares of the company added by 0.64% during the trading session on Wednesday, reaching a low of $141.98 while ending the day at $143.02. During the trading session, a total of 2.67 million shares were traded which represents a 35.74% incline from the average session volume which is 4.16M shares. IBM had ended its last session trading at 142.11. International Business Machines Corporation currently has a market cap of $128.92B, while its P/E ratio stands at 12.15, while its P/E earnings growth sits at 1.62, with a beta of 1.23. International Business Machines Corporation debt-to-equity ratio currently stands at 2.73, while its quick ratio hovers at 1.20. IBM 52-week low price stands at $105.94 while its 52-week high price is $162.00.
The company in its last quarterly report recorded $4.87 earnings per share which is above the $4.82 predicted by most analysts. The International Business Machines Corporation generated $21,760.00 million in revenue during the last quarter, which is slightly higher than the $21,710.60 million predicted by analysts. In the second quarter last year, the firm recorded $3.42 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 29.77%. International Business Machines Corporation has the potential to record 11.77 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on April 10th, 2019 where it informed investors and clients that PulteGroup, Inc. (NYSE:PHM) is now rated as Neutral. Their price target on the stock stands at $25.50. RBC Capital Mkts also rated PHM as Reiterated on January 23rd, 2019, with its price target of $160 suggesting that PHM could down by -8.44% from its current share price. Even though the stock has been trading at $28.57/share, analysts expect it to surge higher by 1.23% to reach $26.67/share. It started the day trading at $29.10 and traded between $28.56 and $28.92 throughout the trading session.
A look at its technical shows that PHM’s 50-day SMA is 27.40 while its 200-day SMA stands at 26.88. The stock has a high of $33.04 for the year while the low is $20.64. The company’s P/E ratio currently sits at 8.13, while the P/B ratio is 1.67. At the moment, only of PulteGroup, Inc. shares were sold short. The company’s average trading volume currently stands at 4.86M shares, which means that the short-interest ratio is just 3.69 days. Over the past seven days, the company moved, with its shift of 4.14%. Looking further, the stock has dropped -0.10% over the past 90 days while it gained 19.50% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PHM shares, increasing its portfolio by +3.31% during the last quarter. This move now sees The Vanguard Group Inc purchasing 991,368 shares in the last quarter, thus it now holds 30,979,906 shares of PHM, with a total valuation of $866,198,172. BlackRock Fund Advisors meanwhile bought more PHM shares in the recently filed quarter, changing its stake to $427,349,447 worth of shares. SSgA Funds Management Inc followed the path by decreasing its PHM portfolio by -7.27% in the quarter. This means that SSgA Funds Management Inc sold -933,792 shares in the last quarter and now controls 11,909,032 shares of the PHM stock, with the valuation hitting $332,976,535.
Similarly, Dimensional Fund Advisors LP increased its PulteGroup, Inc. shares by +4.43% during the recently filed quarter. After buying 361,635 shares in the last quarter, the firm now controls 8,530,759 shares of PulteGroup, Inc. which are valued at $238,520,022. In the same vein, LSV Asset Management increased its PulteGroup, Inc. shares by during the most recent reported quarter. The firm bought 199,009 shares during the quarter which increased its stakes to 8,321,696 shares and is now valued at $232,674,620. Following these latest developments, around 0.50% of PulteGroup, Inc. stocks are owned by institutional investors and hedge funds.