The shares of International Business Machines Corporation (NYSE:IBM) has been pegged with a rating of Outperform by Credit Suisse in its latest research note that was published on April 11th, 2019. The research company has also assigned a $173 price target. Credit Suisse wasnâ€™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. Wells Fargo advised investors in its research note published on January 23rd, 2019, to Market Perform the IBM stock while also putting a $140 price target. The stock had earned Outperform rating from RBC Capital Mkts when it published its report on January 23rd, 2019. That day the RBC Capital Mkts set price target on the stock to $160. The stock was given Buy rating by Citigroup in its report released on January 23rd, 2019, the day when the price target on the stock was placed at $130. Argus was of a view that IBM is Hold in its latest report on October 18th, 2018. MoffettNathanson thinks that IBM is worth Sell rating. This was contained in the firmâ€™s report on October 4th, 2018 in which the stockâ€™s price target was also moved to $150.
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 31.31% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 41.80.
The shares of the company dipped by -4.15% during the trading session on Wednesday, reaching a low of $136.26 while ending the day at $139.11. During the trading session, a total of 12.51 million shares were traded which represents a -202.83% decline from the average session volume which is 4.13M shares. IBM had ended its last session trading at 145.14. International Business Machines Corporation currently has a market cap of $125.39B, while its P/E ratio stands at 11.82, while its P/E earnings growth sits at 1.58, 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 $2.25 earnings per share which is above the $2.22 predicted by most analysts. The International Business Machines Corporation generated $18,182.00 million in revenue during the last quarter, which is slightly lower than the $18,457.70 million predicted by analysts. In the second quarter last year, the firm recorded $4.87 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was down by -116.44%. International Business Machines Corporation has the potential to record 11.77 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Mizuho published a research note on January 30th, 2019 where it informed investors and clients that Parsley Energy, Inc. (NYSE:PE) is now rated as Neutral. Their price target on the stock stands at $18. Wells Fargo also rated PE as Reiterated on January 23rd, 2019, with its price target of $140 suggesting that PE could surge by 23.09% from its current share price. Even though the stock has been trading at $20.45/share, analysts expect it to surge higher by 1.96% to reach $27.11/share. It started the day trading at $21.33 and traded between $20.55 and $20.85 throughout the trading session.
A look at its technical shows that PEâ€™s 50-day SMA is 18.57 while its 200-day SMA stands at 23.37. The stock has a high of $33.43 for the year while the low is $14.17. The companyâ€™s P/E ratio currently sits at 15.41, while the P/B ratio is 1.04. At the moment, only of Parsley Energy, Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 5.26M shares, which means that the short-interest ratio is just 1.33 days. Over the past seven days, the company moved, with its shift of 12.40%. Looking further, the stock has raised 9.85% over the past 90 days while it lost -28.13% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PE shares, increasing its portfolio by +1.77% during the last quarter. This move now sees The Vanguard Group Inc purchasing 410,728 shares in the last quarter, thus it now holds 23,659,974 shares of PE, with a total valuation of $456,637,498. JPMorgan Investment Management I meanwhile bought more PE shares in the recently filed quarter, changing its stake to $263,347,091 worth of shares. TIAACREF Investment Management L followed the path by increasing its PE portfolio by +8.48% in the quarter. This means that TIAACREF Investment Management L bought 920,079 shares in the last quarter and now controls 11,772,803 shares of the PE stock, with the valuation hitting $227,215,098.
Similarly, Adage Capital Management LP increased its Parsley Energy, Inc. shares by +67.62% during the recently filed quarter. After buying 3,935,000 shares in the last quarter, the firm now controls 9,754,177 shares of Parsley Energy, Inc. which are valued at $188,255,616. In the same vein, Capital Research Management Co decreased its Parsley Energy, Inc. shares by during the most recent reported quarter. The firm sold -1,475,000 shares during the quarter which decreased its stakes to 9,289,200 shares and is now valued at $179,281,560. Following these latest developments, around 3.90% of Parsley Energy, Inc. stocks are owned by institutional investors and hedge funds.