International Business Machines (NYSE:IBM) Hits New 1-Year High on Analyst Upgrade

Key Points

• IBM shares hit a new 52-week high of $308.85 after UBS Group raised their price target from $200.00 to $210.00, despite maintaining a sell rating.
• Multiple analysts have provided mixed ratings on IBM, with an average consensus rating of "Hold" and a price target of $288.00.
• The company announced a quarterly dividend of $1.68 per share, with a dividend yield of 2.2%, reflecting a payout ratio of 109.09%.

Shares of International Business Machines Corporation (NYSE:IBM - Get Free Report) reached a new 52-week high on Friday after UBS Group raised their price target on the stock from $200.00 to $210.00. UBS Group currently has a sell rating on the stock. International Business Machines traded as high as $307.66 and last traded at $308.85, with a volume of 7153521 shares. The stock had previously closed at $285.00.

Several other analysts have also weighed in on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. Royal Bank Of Canada restated an "outperform" rating and set a $315.00 price objective on shares of International Business Machines in a research report on Thursday, October 16th. Morgan Stanley boosted their price target on International Business Machines from $253.00 to $256.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 15th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus price target of $288.00.

Institutional Trading of International Business Machines

A number of institutional investors have recently added to or reduced their stakes in IBM. Family CFO Inc purchased a new stake in International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth about $27,000. Winnow Wealth LLC bought a new position in International Business Machines in the 2nd quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter worth about $28,000. Finally, Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

The firm has a market capitalization of $287.35 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 4.42 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The business has a 50 day simple moving average of $264.85 and a two-hundred day simple moving average of $262.96.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.99% and a net margin of 12.09%.The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines's dividend payout ratio is 109.09%.

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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