Shares of Technology sector company International Business Machines moved 1.0% today, and are now trading at a price of $151.89. The large-cap stock's daily volume was 570,523 compared to its average volume of 3,964,029. The S&P 500 index returned a 0.0% performance.
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company is based in Armonk and has 288,300 full time employees. Its market capitalization is $138,693,640,192. International Business Machines currently offers its equity investors a dividend that yields 4.4% per year.
14 analysts are following International Business Machines and have set target prices ranging from $110.0 to $179.0 per share. On average, they have given the company a rating of buy. At today's prices, IBM is trading 4.18% away from its average analyst target price of $145.79 per share.
Over the last year, IBM's share price has increased by 6.0%, which represents a difference of -9.0% when compared to the S&P 500. The stock's 52 week high is $153.21 per share whereas its 52 week low is $120.55. International Business Machines's average free cash flow over the last 6 years has been $11.77 Billion, but they have been decreasing at an average rate of -1.4%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
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