International Business Machines Corporation (NYSE:IBM) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of International Business Machines Corporation (NYSE:IBM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $252.19.

A number of research analysts have recently weighed in on IBM shares. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Morgan Stanley lowered their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Bank of America lifted their price objective on International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a research report on Wednesday, May 7th.

International Business Machines Price Performance

Shares of NYSE IBM traded up $0.10 during mid-day trading on Wednesday, reaching $283.15. The company had a trading volume of 3,531,800 shares, compared to its average volume of 4,234,994. International Business Machines has a 1-year low of $170.41 and a 1-year high of $286.91. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The stock has a market cap of $263.16 billion, a PE ratio of 48.74, a P/E/G ratio of 5.95 and a beta of 0.66. The company has a 50-day moving average price of $255.73 and a two-hundred day moving average price of $244.81.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. International Business Machines's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts anticipate 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. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.37%. International Business Machines's dividend payout ratio is 115.66%.

Hedge Funds Weigh In On International Business Machines

Several large investors have recently added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the 1st quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in International Business Machines in the 4th quarter valued at approximately $31,000. Dagco Inc. acquired a new position in International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

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.