Wedbush started coverage on shares of International Business Machines (NYSE:IBM - Free Report) in a research note issued to investors on Monday morning, MarketBeat.com reports. The brokerage issued an outperform rating on the technology company's stock. Wedbush also issued estimates for International Business Machines' Q1 2025 earnings at $1.52 EPS, Q2 2025 earnings at $2.61 EPS, Q3 2025 earnings at $2.40 EPS and Q4 2025 earnings at $4.02 EPS.
Other analysts have also recently issued reports about the stock. Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Stifel Nicolaus increased their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Morgan Stanley boosted their price target on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average target price of $225.53.
Check Out Our Latest Stock Report on IBM
International Business Machines Trading Down 0.0 %
Shares of International Business Machines stock traded down $0.07 during midday trading on Monday, reaching $253.37. The company had a trading volume of 877,287 shares, compared to its average volume of 4,796,854. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The stock has a fifty day moving average price of $229.26 and a 200 day moving average price of $216.45. The firm has a market cap of $234.27 billion, a PE ratio of 39.54, a P/E/G ratio of 5.63 and a beta of 0.76.
International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities analysts anticipate that International Business Machines will post 10.73 earnings per share for the current year.
International Business Machines Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.
Hedge Funds Weigh In On International Business Machines
A number of institutional investors and hedge funds have recently bought and sold shares of IBM. Compass Financial Services Inc bought a new stake in International Business Machines in the 4th quarter valued at about $26,000. Hazlett Burt & Watson Inc. raised its stake in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC bought a new stake in International Business Machines in the third quarter worth $29,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Finally, Avondale Wealth Management increased its position in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.
International Business Machines Company Profile
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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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