International Business Machines (NYSE:IBM) Upgraded to "Strong-Buy" at Melius Research

International Business Machines (NYSE:IBM - Get Free Report) was upgraded by Melius Research to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley cut their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Wedbush raised their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Royal Bank Of Canada raised their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price target 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. 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $259.06.

International Business Machines Trading Down 1.4%

Shares of IBM stock traded down $4.10 on Monday, hitting $283.33. 3,789,706 shares of the company's stock traded hands, compared to its average volume of 4,240,258. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines has a one year low of $178.50 and a one year high of $296.16. The company's fifty day simple moving average is $273.18 and its 200 day simple moving average is $251.92. The stock has a market capitalization of $263.33 billion, a price-to-earnings ratio of 48.77, a P/E/G ratio of 6.04 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter last year, the firm earned $1.68 EPS. The firm's quarterly revenue was up .5% compared to the same quarter last year. Equities analysts forecast that International Business Machines will post 10.78 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter worth about $28,000. Dagco Inc. purchased a new position in International Business Machines in the first quarter worth about $31,000. Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after buying an additional 100 shares during the last quarter. Finally, Compass Financial Services Inc raised its holdings in International Business Machines by 41.5% in the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after buying an additional 49 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.