International Business Machines' (IBM) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• International Business Machines' (IBM) stock has been given a "hold (C+)" rating by Weiss Ratings, while other analysts hold varied views, with one upgrading it to "strong-buy" and another downgrading it to "hold."
• The stock experienced a 1.6% decline, and it currently has a market cap of $268.88 billion, with shares trading at approximately $289.31.
• In its latest earnings report, IBM beat expectations with $2.80 earnings per share, up from $2.43 EPS a year prior, and reported revenues of $16.98 billion, exceeding analyst forecasts.

International Business Machines (NYSE:IBM - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group increased their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $284.62.

International Business Machines Stock Down 1.6%

Shares of NYSE:IBM opened at $289.31 on Wednesday. The stock has a market cap of $268.88 billion, a P/E ratio of 46.97, a P/E/G ratio of 4.52 and a beta of 0.73. The firm has a fifty day moving average price of $256.92 and a 200 day moving average price of $260.14. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines has a 1-year low of $203.51 and a 1-year high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Business Machines will post 10.78 EPS for the current year.

Hedge Funds Weigh In On International Business Machines

A number of large investors have recently made changes to their positions in IBM. Lifestyle Asset Management Inc. increased its holdings in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock valued at $632,000 after acquiring an additional 36 shares in the last quarter. Whelan Financial increased its holdings in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company's stock valued at $450,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC increased its holdings in International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock valued at $1,133,000 after acquiring an additional 36 shares in the last quarter. Blue Edge Capital LLC increased its holdings in International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after acquiring an additional 39 shares in the last quarter. Finally, Johnson Bixby & Associates LLC increased its holdings in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock valued at $356,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors 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.

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