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

International Business Machines (NYSE:IBM - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Thursday.

Several other equities research analysts have also recently commented on IBM. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. UBS Group raised 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 note on Tuesday, January 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Finally, Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $231.44.

International Business Machines Trading Down 0.2 %

Shares of IBM stock traded down $0.60 on Thursday, hitting $252.63. 7,988,231 shares of the company's stock traded hands, compared to its average volume of 4,783,221. 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 one year low of $162.62 and a one year high of $265.72. The company's fifty day simple moving average is $238.37 and its 200 day simple moving average is $224.36. The stock has a market capitalization of $234.25 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results 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 net margin of 9.60% and a return on equity of 38.99%. Equities analysts forecast that International Business Machines will post 10.78 EPS for the current year.

Institutional Investors Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently made changes to their positions in IBM. BridgePort Financial Solutions LLC purchased a new position in International Business Machines in the 4th quarter worth about $374,000. Park Square Financial Group LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $43,000. Total Wealth Planning & Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter valued at about $248,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of International Business Machines in the 4th quarter valued at about $169,621,000. Finally, Brooklyn FI LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at approximately $455,000. Hedge funds and other 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.