Shares of International Business Machines Co. (NYSE:IBM – Get Free Report) shot up 0.4% on Friday after Bernstein Bank raised their price target on the stock from $185.00 to $210.00. Bernstein Bank currently has a market perform rating on the stock. International Business Machines traded as high as $224.94 and last traded at $223.61. 770,061 shares changed hands during trading, a decline of 82% from the average session volume of 4,207,636 shares. The stock had previously closed at $222.72.
IBM has been the topic of a number of other reports. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday. The Goldman Sachs Group increased their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada lifted their price target on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $194.35.
View Our Latest Stock Report on IBM
Institutional Trading of International Business Machines
International Business Machines Stock Performance
The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $207.60 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. The stock’s fifty day simple moving average is $203.61 and its 200-day simple moving average is $186.27.
International Business Machines (NYSE:IBM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $2.18 earnings per share. Analysts predict that International Business Machines Co. will post 10.1 EPS for the current year.
International Business Machines Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.
About International Business Machines
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.
Further Reading
- Five stocks we like better than International Business Machines
- What is Short Interest? How to Use It
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- What is the S&P 500 and How It is Distinct from Other Indexes
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- What is a Death Cross in Stocks?
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.