International Business Machines (NYSE:IBM) Price Target Raised to $300.00 at BMO Capital Markets

International Business Machines (NYSE:IBM - Get Free Report) had its price target boosted by research analysts at BMO Capital Markets from $260.00 to $300.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the technology company's stock. BMO Capital Markets' price objective suggests a potential upside of 4.80% from the stock's previous close.

A number of other equities research analysts also recently issued reports on IBM. Royal Bank Of Canada upped their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday. KGI Securities set a $242.00 target price on International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Stifel Nicolaus raised their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $266.19.

International Business Machines Trading Up 1.5%

Shares of IBM stock traded up $4.25 during trading hours on Friday, reaching $286.25. The company's stock had a trading volume of 386,600 shares, compared to its average volume of 4,211,771. The stock has a market capitalization of $266.04 billion, a P/E ratio of 49.23, a P/E/G ratio of 5.92 and a beta of 0.69. 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 firm's fifty day simple moving average is $275.65 and its 200 day simple moving average is $253.56. International Business Machines has a one year low of $181.81 and a one year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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 return on equity of 37.43% and a net margin of 8.71%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. Equities research analysts expect that International Business Machines will post 10.78 EPS for the current year.

Hedge Funds Weigh In On International Business Machines

Several large investors have recently bought and sold shares of IBM. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at $31,000. Silicon Valley Capital Partners raised its stake in shares of 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 during the period. Finally, Highline Wealth Partners LLC raised its stake in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

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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