International Business Machines Co. (NYSE:IBM) Given Consensus Rating of "Hold" by Brokerages

International Business Machines Co. (NYSE:IBM - Get Free Report) has been given an average rating of "Hold" by the seventeen research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $198.41.

A number of equities research analysts have commented on the company. DZ Bank cut International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price on the stock. in a report on Wednesday, October 2nd. Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a research note on Friday, July 26th. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, June 19th. BMO Capital Markets increased their target price on International Business Machines from $190.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group increased their target price on International Business Machines from $190.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th.

International Business Machines Price Performance

Shares of IBM traded up $0.32 on Friday, reaching $233.34. The stock had a trading volume of 3,469,177 shares, compared to its average volume of 4,208,364. The firm has a market capitalization of $214.94 billion, a PE ratio of 25.73, a PEG ratio of 5.21 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm has a 50-day moving average of $206.79 and a 200 day moving average of $187.34. International Business Machines has a twelve month low of $135.87 and a twelve month high of $235.83.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.86%. International Business Machines's dividend payout ratio is presently 73.65%.

Institutional Trading of International Business Machines

Large investors have recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in International Business Machines in the first quarter worth about $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the first quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines in the fourth quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines during the second quarter valued at approximately $36,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.