Shares of Technology sector company International Business Machines moved -0.7% today, and are now trading at a price of $161.56. The large-cap stock's daily volume was 3,717,428 compared to its average volume of 4,406,311. The S&P 500 index returned a 1.0% 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 $147,523,502,080. International Business Machines currently offers its equity investors a dividend that yields 4.1% per year.
15 analysts are following International Business Machines and have set target prices ranging from $100.96 to $164.29 per share. On average, they have given the company a rating of hold. At today's prices, IBM is trading 18.52% away from its average analyst target price of $136.32 per share.
Over the last year, IBM's share price has increased by 15.2%, which represents a difference of -8.9% when compared to the S&P 500. The stock's 52 week high is $166.34 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 $11.97 Billion, but they have been decreasing at an average rate of -2.8%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 13,433,000 | 1,354,000 | 12,079,000 | 32.9 |
| 2022 | 10,435,000 | 1,346,000 | 9,089,000 | -15.33 |
| 2021 | 12,796,000 | 2,062,000 | 10,734,000 | -31.1 |
| 2020 | 18,197,000 | 2,618,000 | 15,579,000 | 24.79 |
| 2019 | 14,770,000 | 2,286,000 | 12,484,000 | 5.33 |
| 2018 | 15,247,000 | 3,395,000 | 11,852,000 |
