International Business Machines Corporation (IBM) $IBM(IBM)$
IBM looks to be a part of every aspect of an enterprise’s IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients--which includes 95% of all Fortune 500. While IBM is a B2B company, IBM’s outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
According to the issued ratings of 12 analysts in the last year, the consensus rating for IBM is HOLD based on the current 1 sell rating, 5 hold ratings and 6 buy ratings for IBM. The average twelve-month price prediction for IBM is USD 147.25 with a high price target of USD 170.00 and a low-price target of USD 118.00. IBM has a predicted upside of 12.04% based on their 12-month price targets.
The IBM all time high price was USD 215.80 per share on 14th March, 2013, while the 52-week high stock price is USD 147.50 per share, which is 8.0% above the current share price, USD 135.67 per share (16th June 2022).
The annual dividend for IBM is USD 6.60 and pays quarterly dividends to shareholders. Over the past three years, IBM’s dividend has grown by an average of 1.79% per year. The most recent change in IBM’s dividend was an increase of USD 0.01 on Tuesday, April 26, 2022.
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