International Business Machines (NYSE:IBM) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

International Business Machines (NYSE:IBM - Get Free Report) had its target price upped by research analysts at Royal Bank of Canada from $276.00 to $285.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has an "outperform" rating on the technology company's stock. Royal Bank of Canada's price target points to a potential upside of 6.21% from the company's previous close.

Several other research analysts have also commented on IBM. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Wedbush reiterated an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. Finally, StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $249.06.

International Business Machines Price Performance

NYSE IBM traded up $1.57 during trading on Thursday, hitting $268.33. 3,198,288 shares of the stock traded hands, compared to its average volume of 4,222,406. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines has a 12-month low of $163.53 and a 12-month high of $269.06. The firm has a 50-day simple moving average of $243.74 and a 200-day simple moving average of $236.69. The company has a market capitalization of $249.39 billion, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 earnings per share. As a group, analysts predict that International Business Machines will post 10.78 EPS for the current year.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of International Business Machines

Several institutional investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC increased its stake in shares of International Business Machines by 138.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 3,730 shares of the technology company's stock worth $820,000 after purchasing an additional 2,163 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its stake in shares of International Business Machines by 4.6% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 5,792 shares of the technology company's stock valued at $1,273,000 after acquiring an additional 255 shares during the period. Kathmere Capital Management LLC raised its stake in shares of International Business Machines by 91.3% during the fourth quarter. Kathmere Capital Management LLC now owns 3,506 shares of the technology company's stock valued at $771,000 after purchasing an additional 1,673 shares during the period. Park Avenue Securities LLC boosted its stake in shares of International Business Machines by 14.5% during the 4th quarter. Park Avenue Securities LLC now owns 20,024 shares of the technology company's stock valued at $4,402,000 after buying an additional 2,529 shares during the last quarter. Finally, Burney Co. increased its holdings in International Business Machines by 1.8% in the fourth quarter. Burney Co. now owns 18,640 shares of the technology company's stock valued at $4,098,000 after buying an additional 337 shares during 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.