Shares of IBM (NYSE:IBM) have been given an average rating of “Hold” by the nineteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $139.47.
IBM has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of IBM from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Wells Fargo & Co raised their target price on IBM from $120.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Morgan Stanley raised their target price on IBM from $111.00 to $128.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. ValuEngine downgraded IBM from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. Finally, Wedbush reissued a “neutral” rating on shares of IBM in a report on Thursday, July 16th.
Shares of IBM opened at $122.94 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.68. The firm has a market cap of $109.49 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 3.38 and a beta of 1.22. The company’s 50 day simple moving average is $121.63 and its 200-day simple moving average is $125.91. IBM has a 12-month low of $90.56 and a 12-month high of $158.75.
IBM (NYSE:IBM) last posted its quarterly earnings data on Monday, July 20th. The technology company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.04. IBM had a net margin of 10.44% and a return on equity of 51.06%. The firm had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.72 billion. During the same period last year, the firm posted $3.17 EPS. IBM’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities research analysts forecast that IBM will post 11.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $1.63 dividend. The ex-dividend date is Friday, August 7th. This represents a $6.52 annualized dividend and a dividend yield of 5.30%. IBM’s dividend payout ratio is presently 50.90%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Swedbank raised its stake in IBM by 3.0% during the first quarter. Swedbank now owns 1,521,985 shares of the technology company’s stock worth $168,834,000 after purchasing an additional 43,835 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in IBM by 2.5% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 726,451 shares of the technology company’s stock worth $87,733,000 after purchasing an additional 17,929 shares during the period. DAVENPORT & Co LLC raised its stake in IBM by 598.5% during the first quarter. DAVENPORT & Co LLC now owns 480,385 shares of the technology company’s stock worth $53,289,000 after purchasing an additional 411,610 shares during the period. Baird Financial Group Inc. raised its stake in IBM by 8.0% during the first quarter. Baird Financial Group Inc. now owns 291,456 shares of the technology company’s stock worth $32,331,000 after purchasing an additional 21,528 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in IBM by 1.3% during the first quarter. Nisa Investment Advisors LLC now owns 290,124 shares of the technology company’s stock worth $32,183,000 after purchasing an additional 3,650 shares during the period. Hedge funds and other institutional investors own 56.77% of the company’s stock.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.
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