Will IBM Ever Be a Great Dividend Stock Again? 1 Analyst Thinks So
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Pity IBM (NYSE: IBM) stockholders. After reporting earnings Tuesday evening, shares of International Business Machines promptly slid 4.2% in Wednesday trading. Over the past year, the S&P 500 is up nearly 14% -- but as of today, IBM stock is down more than 4%. Even with IBM paying a massive dividend yield of 4.1%, investors who've held this stock for a year are sitting on a loss.
But perhaps not for long. Here are three things you need to know about that.
Source: Fool.com
International Business Machines Corp Stock
€153.94
0.800%
We see a rather positive sentiment for International Business Machines Corp with 15 Buy predictions and 1 Sell predictions.
With a target price of 179 € there is a slightly positive potential of 16.28% for International Business Machines Corp compared to the current price of 153.94 €.
