International Business Machines’ (IBM) “Buy” Rating Reaffirmed at Stifel Nicolaus

International Business Machines (NYSE:IBM)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a research note issued on Wednesday, Benzinga reports. They currently have a $190.00 price objective on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 4.72% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Societe Generale reaffirmed a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Royal Bank of Canada raised their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Bank of America raised their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $178.67.

International Business Machines Trading Down 0.9 %

NYSE IBM opened at $181.44 on Wednesday. The stock has a market capitalization of $166.33 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 3.60 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines has a 52 week low of $120.55 and a 52 week high of $199.18. The firm has a 50 day moving average of $188.56 and a two-hundred day moving average of $168.63.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.60 EPS. As a group, research analysts expect that International Business Machines will post 10.07 EPS for the current fiscal year.

Hedge Funds Weigh In On International Business Machines

Institutional investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. increased its stake in International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Natixis Advisors L.P. grew its stake in International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares in the last quarter. Herold Advisors Inc. grew its stake in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 688 shares in the last quarter. Tsfg LLC grew its stake in International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new position in International Business Machines during the 3rd quarter valued at about $661,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

About International Business Machines

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.