International Business Machines (NYSE:IBM) PT Lowered to $208.00

International Business Machines (NYSE:IBM - Free Report) had its target price cut by Morgan Stanley from $217.00 to $208.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the technology company's stock.

Several other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday. Hsbc Global Res upgraded International Business Machines to a "moderate sell" rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada upped their target price on International Business Machines from $211.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $208.12.

International Business Machines Price Performance

Shares of IBM traded down $14.47 during trading hours on Thursday, reaching $218.28. The stock had a trading volume of 11,189,954 shares, compared to its average volume of 4,225,325. The stock has a market capitalization of $200.51 billion, a PE ratio of 24.72, a PEG ratio of 5.21 and a beta of 0.70. International Business Machines has a 12 month low of $136.33 and a 12 month high of $237.37. 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 company's 50-day moving average is $214.67 and its two-hundred day moving average is $190.05.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.05. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the firm posted $2.20 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts expect that International Business Machines will post 10.1 EPS for the current 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 given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, August 9th. International Business Machines's payout ratio is 75.65%.

Hedge Funds Weigh In On International Business Machines

Large investors have recently modified their holdings of the company. Ellenbecker Investment Group lifted its stake in shares of International Business Machines by 2.3% in the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after buying an additional 46 shares in the last quarter. Goldstein Advisors LLC lifted its position in International Business Machines by 4.0% in the 3rd quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after acquiring an additional 47 shares in the last quarter. Carret Asset Management LLC boosted its stake in International Business Machines by 0.3% during the 3rd quarter. Carret Asset Management LLC now owns 19,400 shares of the technology company's stock valued at $4,289,000 after purchasing an additional 51 shares during the last quarter. McAdam LLC increased its holdings in International Business Machines by 1.5% during the 3rd quarter. McAdam LLC now owns 3,570 shares of the technology company's stock worth $789,000 after purchasing an additional 52 shares in the last quarter. Finally, Castleview Partners LLC raised its stake in shares of International Business Machines by 3.7% in the third quarter. Castleview Partners LLC now owns 1,522 shares of the technology company's stock worth $336,000 after purchasing an additional 55 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.