The shares of International Business Machines Corporation (NYSE:IBM) has been pegged with a rating of Hold by Argus in its latest research note that was published on October 18th, 2018. Argus 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. MoffettNathanson advised investors in its research note published on October 4th, 2018, to Sell the IBM stock while also putting a $150 price target. The stock had earned Market Perform rating from Wells Fargo when it published its report on July 30th, 2018. The stock was given Buy rating by Stifel in its report released on July 19th, 2018, the day when the price target on the stock was placed at $178. Barclays was of a view that IBM is Overweight in its latest report on January 17th, 2018 while giving it a price target of $192. RBC Capital Mkts thinks that IBM is worth Outperform rating. This was contained in the firm’s report on January 3rd, 2018.
Amongst the analysts that rated the stock, 1 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 $147.11. The price of the stock the last time has raised by 14.65% 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 57.62.
The shares of the company dipped by -0.27% during the trading session on Friday, reaching a low of $120.2 while ending the day at $121.46. During the trading session, a total of 3.66 million shares were traded which represents a 49.88% incline from the average session volume which is 7.31M shares. IBM had ended its last session trading at 121.79. International Business Machines Corporation currently has a market cap of $110.68B, while its P/E ratio stands at 9.92, while its P/E earnings growth sits at 1.38, with a beta of 1.13. International Business Machines Corporation debt-to-equity ratio currently stands at 2.37, while its quick ratio hovers at 1.30. IBM 52-week low price stands at $105.94 while its 52-week high price is $171.13.
The company in its last quarterly report recorded $3.42 earnings per share which is above the $3.40 predicted by most analysts. The International Business Machines Corporation generated $18,756.00 million in revenue during the last quarter, which is slightly lower than the $19,100.70 million predicted by analysts. In the second quarter last year, the firm recorded $3.08 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 9.94%. International Business Machines Corporation has the potential to record 12.25 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on January 4th, 2019 where it informed investors and clients that Centennial Resource Development, Inc. (NASDAQ:CDEV) is now rated as Neutral. MoffettNathanson also rated CDEV as Initiated on October 4th, 2018, with its price target of $72 suggesting that CDEV could surge by 37.69% from its current share price. Even though the stock has been trading at $13.21/share, analysts expect it to surge higher by -1.36% to reach $20.91/share. It started the day trading at $13.16 and traded between $12.77 and $13.03 throughout the trading session.
A look at its technical shows that CDEV’s 50-day SMA is 14.88 while its 200-day SMA stands at 17.80. The stock has a high of $23.12 for the year while the low is $9.87. The company’s P/E ratio currently sits at 17.90, while the P/B ratio is 1.12. The company’s average trading volume currently stands at 3.20M shares, which means that the short-interest ratio is just 8.92 days. Over the past seven days, the company moved, with its shift of 10.33%. Looking further, the stock has dropped -38.71% over the past 90 days while it lost -27.57% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more CDEV shares, increasing its portfolio by +28.47% during the last quarter. This move now sees Fidelity Management Research Co purchasing 8,432,725 shares in the last quarter, thus it now holds 38,051,675 shares of CDEV, with a total valuation of $419,329,459. T Rowe Price Associates Inc meanwhile bought more CDEV shares in the recently filed quarter, changing its stake to $311,038,927 worth of shares. The Vanguard Group Inc followed the path by increasing its CDEV portfolio by +2.34% in the quarter. This means that The Vanguard Group Inc bought 357,873 shares in the last quarter and now controls 15,666,061 shares of the CDEV stock, with the valuation hitting $172,639,992.
Similarly, Wellington Management Co LLP increased its Centennial Resource Development, Inc. shares by +60.71% during the recently filed quarter. After buying 3,440,506 shares in the last quarter, the firm now controls 9,107,846 shares of Centennial Resource Development, Inc. which are valued at $100,368,463. In the same vein, BlackRock Fund Advisors increased its Centennial Resource Development, Inc. shares by during the most recent reported quarter. The firm bought 417,439 shares during the quarter which increased its stakes to 7,231,443 shares and is now valued at $79,690,502. Following these latest developments, around 0.30% of Centennial Resource Development, Inc. stocks are owned by institutional investors and hedge funds.