BMO Capital Markets Issues Positive Forecast for International Business Machines (NYSE:IBM) Stock Price

International Business Machines (NYSE:IBM - Get Free Report) had its price target increased by stock analysts at BMO Capital Markets from $260.00 to $280.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "market perform" rating on the technology company's stock. BMO Capital Markets' price target suggests a potential upside of 8.79% from the company's current price.

Other equities analysts have also recently issued reports about the company. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group increased their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, October 3rd. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Finally, DZ Bank cut International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective on the stock. in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $222.47.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $28.75 during mid-day trading on Thursday, reaching $257.38. 8,832,827 shares of the company's stock were exchanged, compared to its average volume of 4,115,972. The firm has a market capitalization of $237.99 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The firm has a 50-day moving average price of $225.24 and a two-hundred day moving average price of $213.55. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines has a 52 week low of $162.62 and a 52 week high of $261.80.

International Business Machines (NYSE:IBM - Get Free Report) 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%. Analysts predict that International Business Machines will post 10.16 EPS for the current year.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is owned by corporate insiders.

Institutional Trading of International Business Machines

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new position in International Business Machines in the fourth quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. grew its position in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC acquired a new stake in International Business Machines during the 3rd quarter worth $29,000. Avondale Wealth Management boosted its stake in International Business Machines by 56.0% in 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 in the last quarter. Finally, Valued Wealth Advisors LLC grew its holdings in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other 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.

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