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International Business Machines Co. (NYSE:IBM) Given Average Rating of “Hold” by Brokerages

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International Business Machines Co. (NYSE:IBM – Get Free Report) has been given an average recommendation of “Hold” by the twelve analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $171.92.

Several equities research analysts recently weighed in on IBM shares. Royal Bank of Canada upped 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. Stifel Nicolaus upped their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Wedbush reaffirmed a “neutral” rating and issued a $140.00 target price on shares of International Business Machines in a research report on Monday, November 13th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets upped their target price on shares of 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.

Check Out Our Latest Stock Analysis on International Business Machines

International Business Machines Price Performance

Shares of IBM stock opened at $185.32 on Thursday. The firm has a market cap of $169.22 billion, a P/E ratio of 22.79, a P/E/G ratio of 3.61 and a beta of 0.71. International Business Machines has a fifty-two week low of $120.55 and a fifty-two week high of $196.90. The business’s 50 day moving average price is $174.92 and its 200-day moving average price is $157.52. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $3.60 EPS. On average, equities research analysts anticipate that International Business Machines will post 10.06 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 9th. Investors of record on Friday, February 9th will be paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Hedge Funds Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently bought and sold shares of IBM. Moneta Group Investment Advisors LLC lifted its stake in International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after acquiring an additional 11,017,849 shares during the period. Norges Bank bought a new position in International Business Machines during the 4th quarter valued at about $1,019,009,000. Morgan Stanley lifted its stake in International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after acquiring an additional 3,084,458 shares during the period. International Assets Investment Management LLC lifted its stake in International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after acquiring an additional 2,636,386 shares during the period. Finally, BlackRock Inc. lifted its stake in International Business Machines by 3.5% during the 2nd quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock valued at $9,907,942,000 after acquiring an additional 2,483,682 shares during the period. Institutional investors own 56.16% of the company’s stock.

About International Business Machines

(Get Free Report

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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