JPMorgan Chase & Co. Cuts International Business Machines (NYSE:IBM) Price Target to $185.00

International Business Machines (NYSE:IBM - Get Free Report) had its target price lowered by analysts at JPMorgan Chase & Co. from $190.00 to $185.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 9.27% from the stock's current price.

IBM has been the subject of several other reports. Wedbush increased their price objective on International Business Machines from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Tuesday. Evercore ISI upgraded 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 research report on Friday, January 19th. Royal Bank of Canada increased their target price on International Business Machines from $179.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Finally, Sanford C. Bernstein increased their target price on International Business Machines from $165.00 to $186.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $180.31.

International Business Machines Stock Down 8.0 %

Shares of International Business Machines stock traded down $14.80 on Thursday, hitting $169.30. The company had a trading volume of 16,696,347 shares, compared to its average volume of 4,958,338. The stock has a market capitalization of $155.20 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 3.58 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The stock has a 50 day moving average of $188.00 and a 200-day moving average of $169.97. International Business Machines has a 1 year low of $120.55 and a 1 year high of $199.18.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results 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. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period in the prior year, the company posted $1.36 earnings per share. International Business Machines's quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines will post 10.04 earnings per share for the current year.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently added to or reduced their stakes in the stock. Naples Money Management LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $28,000. Creekmur Asset Management LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines during the 4th quarter valued at $31,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company's stock worth $38,000 after buying an additional 123 shares during the period. Finally, Creative Capital Management Investments LLC boosted its holdings in International Business Machines by 56.9% in the 1st quarter. Creative Capital Management Investments LLC now owns 204 shares of the technology company's stock worth $39,000 after buying an additional 74 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.