International Business Machines (NYSE:IBM) Given “Buy” Rating at Stifel Nicolaus

International Business Machines (NYSE:IBM)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a report released on Wednesday, Benzinga reports. They currently have a $190.00 price objective on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 3.67% from the company’s previous close.

A number of other research firms also recently weighed in on IBM. Societe Generale restated a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. BMO Capital Markets boosted their target price on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada lifted their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $178.67.

International Business Machines Price Performance

Shares of IBM traded down $0.47 during trading hours on Wednesday, reaching $183.28. 1,979,837 shares of the company’s stock traded hands, compared to its average volume of 4,814,315. The stock has a market cap of $168.02 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 3.55 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm’s 50 day simple moving average is $188.63 and its 200-day simple moving average is $168.44. International Business Machines has a 12 month low of $120.55 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. Equities analysts expect that International Business Machines will post 10.07 EPS for the current year.

Hedge Funds Weigh In On International Business Machines

Hedge funds have recently made changes to their positions in the business. Naples Money Management LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC bought a new stake in shares of International Business Machines during the second quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $29,000. Live Oak Investment Partners bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $30,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of International Business Machines during the third quarter valued at approximately $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

About International Business Machines

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.