International Business Machines Co. (NYSE:IBM) Given Average Rating of “Hold” by Brokerages

Shares of International Business Machines Co. (NYSE:IBM) have been given an average rating of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $188.60.

Several brokerages have weighed in on IBM. Stifel Nicolaus lifted their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. BMO Capital Markets raised their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group began coverage on shares of International Business Machines in a research note on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Evercore ISI raised their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th.

International Business Machines Stock Performance

Shares of IBM opened at $217.63 on Monday. The company’s 50 day simple moving average is $196.52 and its 200-day simple moving average is $184.38. International Business Machines has a 12-month low of $135.87 and a 12-month high of $218.84. The firm has a market cap of $199.92 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the business posted $2.18 earnings per share. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts predict that International Business Machines will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IBM. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the first quarter worth about $26,000. ESL Trust Services LLC purchased a new stake in International Business Machines in the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the fourth quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its position in shares of International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds 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.