Oppenheimer started coverage on shares of International Business Machines (NYSE:IBM - Get Free Report) in a research note issued on Tuesday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $320.00 price target on the technology company's stock. Oppenheimer's target price points to a potential upside of 22.69% from the stock's previous close.
IBM has been the subject of a number of other research reports. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Jefferies Financial Group raised their price target on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. Finally, Wedbush assumed coverage on International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus target price of $231.44.
Read Our Latest Stock Analysis on International Business Machines
International Business Machines Price Performance
NYSE:IBM traded up $1.62 during trading hours on Tuesday, hitting $260.81. The company's stock had a trading volume of 1,602,226 shares, compared to its average volume of 4,668,878. The business's 50-day moving average is $231.63 and its two-hundred day moving average is $218.77. The company has a market capitalization of $241.16 billion, a PE ratio of 40.68, a PEG ratio of 5.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines has a 52-week low of $162.62 and a 52-week high of $265.72.
International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts anticipate that International Business Machines will post 10.75 EPS for the current fiscal year.
Institutional Trading of International Business Machines
A number of hedge funds have recently added to or reduced their stakes in the business. Bolthouse Investments LLC acquired a new stake in International Business Machines in the 4th quarter worth about $310,000. Johnson Financial Group Inc. lifted its stake in shares of International Business Machines by 16.0% in the 4th quarter. Johnson Financial Group Inc. now owns 653 shares of the technology company's stock valued at $144,000 after purchasing an additional 90 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $37,813,000. Coldstream Capital Management Inc. lifted its stake in shares of International Business Machines by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 40,757 shares of the technology company's stock valued at $8,960,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Rothschild Capital Partners LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $235,000. 58.96% of the stock is owned by institutional investors and hedge funds.
International Business Machines Company Profile
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Get Free Report)
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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