International Business Machines (NYSE:IBM) Stock Rating Lowered by DZ Bank

International Business Machines (NYSE:IBM - Get Free Report) was downgraded by DZ Bank from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $215.00 price objective on the technology company's stock. DZ Bank's target price would indicate a potential downside of 2.13% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of International Business Machines from $190.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. UBS Group raised their target price on International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research note on Wednesday, September 4th. Royal Bank of Canada increased their price objective on International Business Machines from $200.00 to $211.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Evercore ISI boosted their target price on International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Finally, Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $193.38.

International Business Machines Trading Up 0.2 %

NYSE:IBM traded up $0.33 during trading hours on Wednesday, reaching $219.68. The company's stock had a trading volume of 3,341,175 shares, compared to its average volume of 4,227,925. The firm has a 50-day simple moving average of $201.62 and a 200-day simple moving average of $185.54. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines has a 1 year low of $135.87 and a 1 year high of $224.15. The firm has a market capitalization of $201.80 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion during 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%. International Business Machines's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 EPS. Research analysts expect that International Business Machines will post 10.1 EPS for the current fiscal year.

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines during the first quarter valued at $26,000. ESL Trust Services LLC purchased a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in International Business Machines in the fourth quarter worth approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company's stock worth $38,000 after purchasing an additional 123 shares during the period. 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.