International Business Machines (NYSE:IBM) Price Target Raised to $325.00 at Wedbush

International Business Machines (NYSE:IBM - Get Free Report) had its price target raised by stock analysts at Wedbush from $300.00 to $325.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Wedbush's price objective suggests a potential upside of 14.78% from the company's current price.

A number of other equities analysts have also weighed in on the stock. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley cut their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Bank of America lifted their price target on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, UBS Group reiterated a "sell" rating and set a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $253.75.

International Business Machines Trading Up 0.0%

Shares of International Business Machines stock opened at $283.15 on Friday. The stock has a market capitalization of $263.16 billion, a P/E ratio of 48.74, a price-to-earnings-growth ratio of 5.95 and a beta of 0.66. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines has a 12-month low of $170.41 and a 12-month high of $286.91. The company has a 50-day simple moving average of $256.81 and a 200 day simple moving average of $245.20.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Research analysts expect that International Business Machines will post 10.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Business Machines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Treasurer of the State of North Carolina boosted its stake in International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after purchasing an additional 4,131 shares during the period. Mufg Securities Americas Inc. purchased a new position in International Business Machines during the fourth quarter valued at approximately $3,000,000. Magnolia Private Wealth LLC bought a new stake in International Business Machines during the 1st quarter worth approximately $239,000. QRG Capital Management Inc. lifted its stake in International Business Machines by 7.5% in the 4th quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company's stock worth $33,118,000 after purchasing an additional 10,467 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its holdings in International Business Machines by 0.8% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 141,448 shares of the technology company's stock valued at $35,172,000 after purchasing an additional 1,058 shares during the period. 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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