International Business Machines Co. (NYSE:IBM) Receives $188.60 Consensus Price Target from Analysts

Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) have been assigned an average recommendation of "Hold" from the fifteen analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $188.60.

Several brokerages recently commented on IBM. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They issued a "buy" rating and a $200.00 target price on the stock. Stifel Nicolaus upped their target price on International Business Machines from $190.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. Jefferies Financial Group upped their target price on International Business Machines from $190.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 25th. Finally, BMO Capital Markets upped their target price on International Business Machines from $190.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, July 25th.

International Business Machines Trading Up 1.1 %

Shares of International Business Machines stock traded up $2.39 on Monday, hitting $217.18. The stock had a trading volume of 4,176,098 shares, compared to its average volume of 4,225,927. The stock has a 50 day moving average of $193.62 and a 200 day moving average of $183.60. International Business Machines has a twelve month low of $135.87 and a twelve month high of $217.90. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market capitalization of $200.06 billion, a P/E ratio of 24.60, a PEG ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The firm's revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that International Business Machines will post 10.1 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines's dividend payout ratio is currently 75.65%.

Hedge Funds Weigh In On International Business Machines

A number of large investors have recently modified their holdings of the company. Gilbert & Cook Inc. raised its position in International Business Machines by 2.7% in the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company's stock valued at $637,000 after buying an additional 101 shares during the last quarter. Aveo Capital Partners LLC raised its position in International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company's stock valued at $507,000 after buying an additional 109 shares during the last quarter. Gryphon Financial Partners LLC raised its position in International Business Machines by 6.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company's stock valued at $386,000 after buying an additional 147 shares during the last quarter. Great Lakes Advisors LLC raised its position in International Business Machines by 96.6% in the 4th quarter. Great Lakes Advisors LLC now owns 38,177 shares of the technology company's stock valued at $6,244,000 after buying an additional 18,762 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in International Business Machines by 2.7% in the 4th quarter. Brown Advisory Inc. now owns 260,233 shares of the technology company's stock valued at $42,561,000 after buying an additional 6,920 shares during the last quarter. 58.96% of the stock is currently owned by 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.