Morgan Stanley Lowers International Business Machines (NYSE:IBM) Price Target to $217.00

International Business Machines (NYSE:IBM) had its price objective lowered by investment analysts at Morgan Stanley from $222.00 to $217.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target suggests a potential downside of 5.29% from the stock’s previous close.

Several other equities analysts have also commented on the company. Jefferies Financial Group upped their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Stifel Nicolaus boosted their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Bank of America upped their target price on International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $220.40.

International Business Machines Stock Up 1.5 %

Shares of NYSE IBM opened at $229.13 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $211.86 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.78 and a beta of 0.74. International Business Machines has a 1 year low of $162.62 and a 1 year high of $239.35. The stock’s 50-day simple moving average is $224.95 and its 200-day simple moving average is $213.44.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. As a group, equities analysts anticipate that International Business Machines will post 10.16 earnings per share for the current fiscal year.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently bought and sold shares of IBM. Compass Financial Services Inc bought a new stake in International Business Machines during the fourth quarter valued at about $26,000. Hazlett Burt & Watson Inc. boosted its holdings in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC bought a new stake in International Business Machines during the third quarter valued at about $29,000. Avondale Wealth Management boosted its holdings in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC boosted its holdings in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after acquiring an additional 90 shares during the period. 58.96% of the stock is currently owned by 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.