International Business Machines Co. (NYSE:IBM) Receives $198.41 Consensus Price Target from Analysts

Shares of International Business Machines Co. (NYSE:IBM) have received a consensus rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $198.41.

A number of equities research analysts have commented on IBM shares. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Bernstein Bank increased their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Evercore ISI increased their price target on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th.

Institutional Trading of International Business Machines

Hedge funds have recently modified their holdings of the stock. Bayesian Capital Management LP acquired a new position in International Business Machines in the 4th quarter worth about $6,442,000. Bontempo Ohly Capital Mgmt LLC raised its holdings in International Business Machines by 0.5% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 22,474 shares of the technology company’s stock worth $3,676,000 after purchasing an additional 112 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in International Business Machines in the 4th quarter worth about $540,000. Pettyjohn Wood & White Inc. raised its holdings in shares of International Business Machines by 0.9% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 7,097 shares of the technology company’s stock valued at $1,161,000 after acquiring an additional 62 shares during the last quarter. Finally, Options Solutions LLC raised its holdings in shares of International Business Machines by 54.0% during the fourth quarter. Options Solutions LLC now owns 3,235 shares of the technology company’s stock valued at $529,000 after acquiring an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 1.0 %

Shares of NYSE IBM opened at $233.00 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The stock has a market capitalization of $214.03 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. International Business Machines has a 1-year low of $135.87 and a 1-year high of $237.37. The business has a fifty day moving average price of $209.64 and a 200 day moving average price of $188.23.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 EPS. Equities research analysts expect that International Business Machines will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.87%. International Business Machines’s payout ratio is 75.65%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.