A Few Positives and Negatives For International Business Machines Corporation (IBM), CNX Resources Corporation (CNX)

You should consider shares of International Business Machines Corporation (NYSE:IBM) and CNX Resources Corporation (NYSE:CNX) if you are looking for a great stocks to invest in. Starting with the IBM shares, which traded at $132.12 at the close of the recent session, dropping -0.59%. On Tuesday, the company’s shares shed -$0.79 from its value which represented in intraday trading. The stock is now 6.32% higher in year-to-date (YTD) trading. IBM’s intraday high was $132.44 while its lowest price touched $130.689. The stock’s 52-week high price is $152.95, which means the current price is at -13.62%. In terms of trading activity, the daily trading volume rose to 3641382 against 200-day average trading volume of 3,583,536 shares.

What are analyst forecasts for International Business Machines Corporation (NYSE:IBM)?

At a consensus rating of 3.67, IBM is trending as a streaking Moderate Buy, as it has been the case a month ago when 15 analysts called it a Moderate Buy. Two months ago, 16 analysts recommended, on average, that IBM stock is a Moderate Buy. The Technology company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $132.00 on the day.

Forecasts for International Business Machines Corporation (NYSE:IBM) give the stock a fair value for the growth of 11.03% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $148.50, which means the price per share could rise by nearly $16.38. The price range target is between a low of $120.00 and a high of $173.00. The stock would need to gain by about $23.63 to hit the estimated high or 0.8% from its 12-month low.

The consensus among 21 analysts is that it is a good time for one to Hold in the International Business Machines Corporation. 6 analysts rate IBM as a Buy, with 2 of 21 analysts rate it as a Sell. 0 have valued the stock as Overweight and 13 have recommended that investors Hold.

International Business Machines Corporation (NYSE:IBM) Upgrades and Downgrades

In terms of rating changes, UBS on October 21, 2019, Downgrade International Business Machines Corporation (IBM) at Neutral. They believe the stock could reach $140 in the near term. Analysts at Wells Fargo have assigned a Market Perform rating for the stock in their research note on October 17, 2019 with an estimated price target of $140. Moreover, Wedbush analysts issued a rating of Neutral for the stock on October 17, 2019, giving it a price target of $155 for the next 12 months. On October 17, 2019, the stock earned a Buy rating due to an analyst call from Nomura, while analysts from BMO Capital Markets on October 17, 2019 suggested that the stock is Market Perform.

CNX Resources Corporation (NYSE:CNX) adds -$0.1 on Tuesday

The CNX stock has tanked -42.91% year-to-date and is currently trading at $6.52, which is -54.44% below its 52-week high. The company shares lost -1.51% on the day and have risen nearly 6.19% off a low hit. At current levels, CNX Resources Corporation has a valuation of about $1.70B. As of 12/03/19, this stock has fallen -13.98% during the week and closed at $6.62 in the previous session. However, recent CNX Resources Corporation stock performance shows that CNX shares are -24.97% down over the last month, and -19.01% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.28, with the trailing 12-month share earnings at $1.51. The ratio is expected to be down by -55.10% for the current year 2019 and -13.10% for next year. Over the next 5-year period, earnings per share will be 35.70%. But will the CNX stock surprise in the current quarter results, where the $0 actual EPS reported on 9/29/2019 surprised by 100.00% or was higher by $0.02 from the estimated -$0.02.

Sales Growth to decline -0.30% for the year

How well will CNX Resources Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $351M and $444.5M in current quarter sales. The consensus estimated for the current quarter is $395.16M from sales. Forecasts for this fiscal year are between $1.64B and $1.64B and the consensus estimate for sales is at $1.64B. CNX has its next quarter sales estimates at between $383.17M and $443.8M, with the quarter-over-quarter growth estimates at 4.20% and the annual growth forecast for the year at -0.30%.

Who owns shares in CNX Resources Corporation (CNX)?

Let’s briefly focus on the share ownership of the CNX Resources Corporation (NYSE:CNX) stock, where we find that 103.43% of shares are held by institutions. Southeastern Asset Management Inc/tn/ tops the list of institutional owners as it is holding 53.68 million shares or 28.77% of shares outstanding. Blackrock Inc. and Dimensional Fund Advisors LP held 22.03 million and 16.22 million representing 11.81% and 8.69% respectively at the close of the last trading session. As of Sep 29, 2019, Vanguard Group, Inc. (The) accounted for 13.91 million shares at over 100.97 million. This represented 7.45% of shares outstanding. State Street Corporation held 9.4 million shares at over 68.27 million representing 5.04% of shares outstanding.

CNX Insider Activity

On 5/31/2019, Director by the name Lanigan Bernard Jr bought 198000.0 shares worth $1.5 million at the price of $7.56 per share. Filings also show that Lanigan Bernard Jr bought a total of 200000.0 shares on 7/26/2019 valued at $1.3 million. Since the last insider activity, the company’s share price has climbed 0.46%.