International Business Machines (NYSE:IBM) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of International Business Machines (NYSE:IBM) from a buy rating to a hold rating in a research report report published on Friday morning.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. DZ Bank cut 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, October 2nd. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Thursday. Morgan Stanley decreased their price target on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets lifted their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $208.12.

International Business Machines Price Performance

IBM opened at $214.57 on Friday. The stock has a 50-day moving average price of $215.58 and a 200-day moving average price of $190.42. The firm has a market cap of $197.65 billion, a PE ratio of 23.66, a P/E/G ratio of 4.84 and a beta of 0.70. International Business Machines has a 1 year low of $141.58 and a 1 year high of $237.37. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the firm earned $2.20 EPS. International Business Machines’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts predict that International Business Machines will post 10.13 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.11%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is 73.65%.

Hedge Funds Weigh In On International Business Machines

A number of large investors have recently bought and sold shares of IBM. FPC Investment Advisory Inc. bought a new position in International Business Machines in the first quarter worth about $26,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines in the first quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines during the 2nd quarter worth approximately $36,000. Wolff Wiese Magana LLC lifted its position in International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after purchasing an additional 60 shares during the period. Finally, Briaud Financial Planning Inc boosted its stake in shares of International Business Machines by 54.3% in the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after buying an additional 100 shares during the last quarter. 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.