International Business Machines (NYSE:IBM) Given New $210.00 Price Target at Jefferies Financial Group

International Business Machines (NYSE:IBM - Get Free Report) had its price target dropped by research analysts at Jefferies Financial Group from $215.00 to $210.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the technology company's stock. Jefferies Financial Group's price target indicates a potential upside of 15.26% from the stock's previous close.

A number of other equities research analysts have also weighed in on IBM. Sanford C. Bernstein raised their price objective on International Business Machines from $165.00 to $186.00 and gave the company a "market perform" rating in a research note on Thursday, March 7th. Stifel Nicolaus reaffirmed a "buy" rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. Evercore ISI raised International Business Machines from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Societe Generale reaffirmed a "sell" rating and set a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. Finally, Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $177.23.

International Business Machines Stock Up 0.2 %

Shares of IBM stock traded up $0.29 during trading hours on Tuesday, reaching $182.19. The company had a trading volume of 5,921,450 shares, compared to its average volume of 4,773,702. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a market capitalization of $167.02 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The stock's fifty day simple moving average is $188.35 and its 200 day simple moving average is $169.88.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that International Business Machines will post 10.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Business Machines

Hedge funds have recently modified their holdings of the company. Naples Money Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth $29,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines in the 3rd quarter worth $31,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth $31,000. Finally, Stone House Investment Management LLC grew its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock worth $32,000 after acquiring an additional 204 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.