International Business Machines Co. (NYSE:IBM) Receives Consensus Rating of “Hold” from Brokerages

Shares of International Business Machines Co. (NYSE:IBM – Get Rating) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $142.73.

IBM has been the topic of a number of recent analyst reports. Evercore ISI raised their price target on International Business Machines from $135.00 to $150.00 in a research report on Tuesday, January 17th. BMO Capital Markets raised their price target on International Business Machines from $148.00 to $155.00 and gave the stock a “market perform” rating in a research report on Thursday, January 26th. StockNews.com assumed coverage on International Business Machines in a research note on Thursday. They issued a “buy” rating on the stock. Stifel Nicolaus raised their price objective on International Business Machines from $140.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, January 23rd. Finally, Morgan Stanley reduced their price objective on International Business Machines from $148.00 to $143.00 in a research note on Thursday, January 26th.

International Business Machines Stock Down 1.1 %

IBM stock opened at $123.28 on Thursday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.92 and a quick ratio of 0.87. The stock has a market capitalization of $111.83 billion, a price-to-earnings ratio of 70.05, a PEG ratio of 3.24 and a beta of 0.85. The business’s fifty day moving average price is $135.38 and its two-hundred day moving average price is $135.19. International Business Machines has a fifty-two week low of $115.54 and a fifty-two week high of $153.21.

International Business Machines (NYSE:IBM – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The technology company reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $3.61 by ($0.01). International Business Machines had a return on equity of 41.24% and a net margin of 2.71%. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.38 billion. During the same quarter in the previous year, the business posted $3.35 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that International Business Machines will post 9.46 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Thursday, February 9th. International Business Machines’s payout ratio is 375.00%.

Institutional Trading of International Business Machines

Hedge funds have recently made changes to their positions in the company. Fiduciary Alliance LLC acquired a new position in shares of International Business Machines in the fourth quarter worth approximately $25,000. Red Tortoise LLC acquired a new position in shares of International Business Machines in the fourth quarter worth approximately $27,000. Lam Group Inc. acquired a new position in shares of International Business Machines in the fourth quarter worth approximately $28,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines in the fourth quarter worth approximately $30,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of International Business Machines in the fourth quarter worth approximately $35,000. 55.90% of the stock is owned by institutional investors and hedge funds.

International Business Machines Company Profile

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International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure and modernize their environments.