International Business Machines (NYSE:IBM) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of International Business Machines (NYSE:IBM) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other equities analysts have also recently weighed in on IBM. BMO Capital Markets raised their price objective on International Business Machines from $155.00 to $210.00 and gave the company a market perform rating in a report on Thursday, January 25th. Royal Bank of Canada raised their price objective on International Business Machines from $179.00 to $200.00 and gave the company an outperform rating in a report on Thursday, January 25th. Bank of America raised their price target on International Business Machines from $200.00 to $220.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Evercore upgraded International Business Machines from an in-line rating to an outperform rating and raised their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Jefferies Financial Group began coverage on International Business Machines in a research report on Friday, January 5th. They set a hold rating and a $180.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $177.23.

International Business Machines Stock Performance

NYSE:IBM opened at $182.19 on Tuesday. The business’s 50-day moving average price is $188.35 and its two-hundred day moving average price is $169.88. International Business Machines has a twelve month low of $120.55 and a twelve month high of $199.18. The stock has a market cap of $167.02 billion, a P/E ratio of 22.41, a PEG ratio of 3.57 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $3.60 EPS. As a group, equities analysts predict that International Business Machines will post 10.04 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.64%. International Business Machines’s dividend payout ratio is currently 81.67%.

Institutional Investors Weigh In On International Business Machines

Hedge funds have recently made changes to their positions in the company. Naples Money Management LLC bought a new stake in shares of International Business Machines during the fourth 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. Briaud Financial Planning Inc bought a new stake in shares of International Business Machines during the third quarter valued at approximately $31,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC boosted its position in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares in 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.