International Business Machines (NYSE:IBM) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• International Business Machines (NYSE:IBM) has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen.
• Several financial institutions have revised their price targets for IBM, with the consensus price target now at $286.38, while the stock is currently trading around $280.95.
• IBM's quarterly earnings report revealed an EPS of $2.80, surpassing expectations, with revenue increasing by 7.7% year-over-year.

International Business Machines (NYSE:IBM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

IBM has been the topic of a number of other reports. Morgan Stanley upped their price target on shares of International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a report on Wednesday. BMO Capital Markets increased 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 report on Friday, July 18th. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $286.38.

International Business Machines Trading Up 1.8%

NYSE IBM opened at $280.95 on Friday. The company's 50-day moving average price is $261.07 and its 200-day moving average price is $261.65. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market cap of $261.12 billion, a PE ratio of 45.61, a PEG ratio of 4.24 and a beta of 0.73. International Business Machines has a 12 month low of $203.51 and a 12 month high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for 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%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines will post 10.78 earnings per share for the current year.

Institutional Trading of International Business Machines

Several hedge funds have recently modified their holdings of the company. Family CFO Inc purchased a new position in shares of International Business Machines in the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $27,000. Winnow Wealth LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $28,000. Finally, Dagco Inc. purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $31,000. 58.96% of the stock is owned by hedge funds and other 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.

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