International Business Machines Corporation (NYSE:IBM) Given Consensus Rating of “Moderate Buy” by Brokerages

International Business Machines Corporation (NYSE:IBM) has earned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $288.00.

IBM has been the subject of several research analyst reports. Bank of America increased their price objective on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Stifel Nicolaus decreased their price target on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Finally, BMO Capital Markets raised their price target on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd.

Hedge Funds Weigh In On International Business Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of IBM. Family CFO Inc acquired a new stake in shares of International Business Machines in the 2nd quarter worth $25,000. Winnow Wealth LLC purchased a new position in International Business Machines during the second quarter worth about $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the first quarter valued at about $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in International Business Machines in the 3rd quarter valued at approximately $28,000. Finally, SWAN Capital LLC acquired a new position in International Business Machines during the 3rd quarter worth approximately $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of IBM stock opened at $305.35 on Friday. The stock’s 50-day moving average is $285.92 and its two-hundred day moving average is $271.35. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines has a 1 year low of $204.07 and a 1 year high of $324.90. The firm has a market cap of $285.42 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

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.