Analysts Set International Business Machines Co. (NYSE:IBM) Price Target at $182.53

Shares of International Business Machines Co. (NYSE:IBM) have received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $182.53.

Several analysts have commented on IBM shares. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. 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, April 25th. The Goldman Sachs Group began coverage on International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, BMO Capital Markets cut their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th.

International Business Machines Price Performance

Shares of NYSE IBM opened at $175.99 on Wednesday. The company has a market capitalization of $161.66 billion, a PE ratio of 19.93, a PEG ratio of 4.34 and a beta of 0.71. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The stock’s 50 day moving average price is $169.68 and its 200-day moving average price is $176.75. International Business Machines has a twelve month low of $131.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, equities analysts anticipate that International Business Machines will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.80%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s payout ratio is presently 75.65%.

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently modified their holdings of the business. Desjardins Global Asset Management Inc. increased its holdings in shares of International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares during the last quarter. Arden Trust Co raised its position in International Business Machines by 2.8% during the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after purchasing an additional 54 shares in the last quarter. Calamos Wealth Management LLC lifted its stake in International Business Machines by 2.8% during the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after purchasing an additional 55 shares during the last quarter. Avion Wealth boosted its holdings in shares of International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after buying an additional 58 shares in the last quarter. Hedge funds and other 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.