International Business Machines (NYSE:IBM - Get Free Report) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $233.00 to $244.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 4.49% from the stock's previous close.
Other research analysts have also recently issued research reports about the company. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Bernstein Bank upped their price target on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. Jefferies Financial Group upped their price target on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a report on Monday, October 21st. Finally, 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines has a consensus rating of "Hold" and a consensus price target of $225.53.
Check Out Our Latest Report on IBM
International Business Machines Price Performance
NYSE:IBM traded down $2.79 during midday trading on Thursday, hitting $255.48. 7,198,973 shares of the stock were exchanged, compared to its average volume of 3,491,938. International Business Machines has a one year low of $162.62 and a one year high of $261.80. The company has a market capitalization of $236.23 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 4.25 and a beta of 0.74. The business has a 50-day moving average price of $226.61 and a two-hundred day moving average price of $214.56. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.
International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.37% and a net margin of 9.60%. Sell-side analysts predict that International Business Machines will post 10.54 EPS for the current year.
Insider Buying and Selling
In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's 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 sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in International Business Machines during the 4th quarter worth $26,000. Hazlett Burt & Watson Inc. lifted its position in 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 acquiring an additional 116 shares during the last quarter. Hara Capital LLC acquired a new position in International Business Machines during the 3rd quarter worth $29,000. Avondale Wealth Management lifted its position in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.
About International Business Machines
(
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.
Read More

Before you consider International Business Machines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.
While International Business Machines currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.