International Business Machines Corporation (NYSE:IBM) Receives $275.00 Consensus PT from Brokerages

Shares of International Business Machines Corporation (NYSE:IBM) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $284.6154.

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Royal Bank Of Canada boosted their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus raised their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th.

Hedge Funds Weigh In On International Business Machines

Large investors have recently modified their holdings of the business. Norges Bank bought a new position in International Business Machines in the 2nd quarter worth about $2,011,122,000. GAMMA Investing LLC lifted its holdings in shares of International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock worth $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. GQG Partners LLC bought a new position in shares of International Business Machines in the first quarter valued at approximately $1,040,057,000. Nuveen LLC purchased a new position in International Business Machines during the first quarter valued at approximately $960,386,000. Finally, Vanguard Group Inc. increased its holdings in International Business Machines by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after acquiring an additional 1,913,708 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $287.05 on Friday. The stock has a market cap of $266.78 billion, a P/E ratio of 46.60, a P/E/G ratio of 4.41 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company’s 50 day moving average price is $254.60 and its two-hundred day moving average price is $258.93. International Business Machines has a 52 week low of $203.51 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Business Machines will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

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.