International Business Machines Corp. (NYSE:IBM) has received an average recommendation of “Hold” from the thirty-six analysts that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $159.21.

Several research analysts recently weighed in on IBM shares. Cantor Fitzgerald restated a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a research report on Friday, October 13th. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank of Canada restated a “hold” rating and issued a $160.00 price objective on shares of International Business Machines in a research report on Wednesday, November 15th. BidaskClub upgraded shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Goldman Sachs Group set a $170.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a research report on Wednesday, October 18th.

International Business Machines (NYSE:IBM) traded down $0.28 during trading hours on Thursday, hitting $152.95. 3,785,600 shares of the stock were exchanged, compared to its average volume of 4,299,698. International Business Machines has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $141,859.02, a PE ratio of 11.22, a P/E/G ratio of 2.24 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the previous year, the company posted $3.29 earnings per share. International Business Machines’s quarterly revenue was down .4% compared to the same quarter last year. analysts anticipate that International Business Machines will post 13.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Stockholders of record on Friday, November 10th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is 50.13%.

Several hedge funds have recently made changes to their positions in IBM. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the period. Nordea Investment Management AB boosted its stake in International Business Machines by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after purchasing an additional 1,956,033 shares during the period. Janus Henderson Group PLC boosted its stake in International Business Machines by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after purchasing an additional 1,249,916 shares during the period. BlackRock Inc. boosted its stake in International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. Finally, Stifel Financial Corp boosted its stake in International Business Machines by 9,678.2% in the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after purchasing an additional 807,553 shares during the period. 57.13% of the stock is owned by institutional investors.

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About International Business Machines

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Analyst Recommendations for International Business Machines (NYSE:IBM)

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