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

International Business Machines Co. (NYSE:IBMGet Free Report) has received an average rating of “Hold” from the fourteen analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $181.29.

A number of brokerages have issued reports on IBM. BMO Capital Markets decreased their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. decreased their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research note on Wednesday, May 22nd. BNP Paribas started coverage on International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price objective for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Thursday, May 16th.

Get Our Latest Analysis on International Business Machines

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Desjardins Global Asset Management Inc. increased its position in International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after purchasing an additional 54 shares during the last quarter. Arden Trust Co increased its position in International Business Machines by 2.8% in the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after purchasing an additional 54 shares during the last quarter. Calamos Wealth Management LLC increased its position in International Business Machines by 2.8% in the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after purchasing an additional 55 shares during the last quarter. Avion Wealth increased its position in International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in International Business Machines by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 58 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $170.06 on Friday. International Business Machines has a 12-month low of $129.18 and a 12-month high of $199.18. The firm has a market capitalization of $156.22 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 4.12 and a beta of 0.72. The business has a 50 day simple moving average of $174.43 and a 200 day simple moving average of $175.06. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. On average, equities research analysts anticipate that International Business Machines will post 9.91 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.93%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s payout ratio is presently 75.65%.

International Business Machines Company Profile

(Get Free Report

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.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

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