International Business Machines (NYSE:IBM) PT Lowered to $210.00

International Business Machines (NYSE:IBM) had its price target dropped by stock analysts at Jefferies Financial Group from $215.00 to $210.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price target points to a potential upside of 14.12% from the stock’s current price.

IBM has been the topic of a number of other research reports. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America boosted their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Sanford C. Bernstein boosted their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets raised their price target 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $177.23.

International Business Machines Price Performance

Shares of IBM opened at $184.01 on Tuesday. The stock has a market capitalization of $168.69 billion, a P/E ratio of 22.63, a P/E/G ratio of 3.57 and a beta of 0.70. International Business Machines has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a 50 day moving average of $188.36 and a 200-day moving average of $169.98. 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 released its earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. As a group, equities research analysts forecast that International Business Machines will post 10.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Naples Money Management LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $29,000. Briaud Financial Planning Inc bought a new stake in International Business Machines in the third quarter valued at $31,000. Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines in the 4th quarter valued at about $31,000. Finally, Stone House Investment Management LLC boosted its holdings in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

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.