International Business Machines (NYSE:IBM - Get Free Report) had its target price upped by research analysts at Wedbush from $140.00 to $160.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Wedbush's target price would indicate a potential downside of 5.49% from the stock's current price.
A number of other research firms have also recently weighed in on IBM. UBS Group upped their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a "sell" rating in a research note on Monday. Stifel Nicolaus reaffirmed a "buy" rating and set a $190.00 price target on shares of International Business Machines in a research note on Wednesday, April 17th. Royal Bank of Canada upped their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, January 25th. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, BMO Capital Markets increased their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $180.31.
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International Business Machines Stock Down 8.0 %
Shares of NYSE:IBM traded down $14.80 during trading on Thursday, hitting $169.30. 16,696,347 shares of the company were exchanged, compared to its average volume of 4,958,338. The firm's 50 day moving average price is $188.00 and its 200-day moving average price is $169.97. International Business Machines has a 12-month low of $120.55 and a 12-month high of $199.18. The stock has a market capitalization of $155.20 billion, a P/E ratio of 20.82, a PEG ratio of 3.58 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.
International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts' expectations of $14.53 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. On average, research analysts predict that International Business Machines will post 10.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Naples Money Management LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $29,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines in the third quarter valued at approximately $31,000. Ables Iannone Moore & Associates Inc. acquired a new stake in International Business Machines in the fourth quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC grew its position in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.
About International Business Machines
(
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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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