International Business Machines Corporation (NYSE:IBM) Receives $250.31 Consensus Price Target from Analysts

Shares of International Business Machines Corporation (NYSE:IBM) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $253.75.

IBM has been the subject of a number of analyst reports. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. Bank of America upped their price target on International Business Machines from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Wedbush boosted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th.

International Business Machines Stock Down 0.9%

Shares of IBM opened at $280.67 on Wednesday. The firm has a market capitalization of $260.85 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 5.95 and a beta of 0.66. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The business’s fifty day moving average price is $257.71 and its two-hundred day moving average price is $245.55. International Business Machines has a 52 week low of $170.41 and a 52 week high of $286.91.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS. On average, analysts predict that International Business Machines will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is 115.66%.

Institutional Trading of International Business Machines

Institutional investors have recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the first quarter valued at about $31,000. Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. 58.96% of the stock is currently owned by institutional investors.

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.