International Business Machines’ (IBM) “Outperform” Rating Reiterated at Royal Bank Of Canada

International Business Machines (NYSE:IBM)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $270.00 price target on the technology company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 16.52% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Jefferies Financial Group reduced their price target on International Business Machines from $320.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. JPMorgan Chase & Co. reduced their price target on International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 17th. Daiwa Securities Group reduced their price target on International Business Machines from $247.00 to $217.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus dropped their price objective on International Business Machines from $290.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Citic Securities raised their price objective on International Business Machines from $294.00 to $297.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $252.96.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $4.70 during trading hours on Tuesday, reaching $231.72. The stock had a trading volume of 2,175,138 shares, compared to its average volume of 7,486,274. International Business Machines has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The firm has a 50-day moving average of $232.30 and a 200-day moving average of $243.84. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The firm has a market cap of $218.31 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 2.16 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The company had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. During the same period last year, the firm earned $2.80 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that International Business Machines will post 12.33 earnings per share for the current year.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On International Business Machines

Several hedge funds have recently made changes to their positions in the business. Fermata Advisors LLC increased its holdings in shares of International Business Machines by 7.3% in the third quarter. Fermata Advisors LLC now owns 1,424 shares of the technology company’s stock valued at $313,000 after buying an additional 97 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of International Business Machines by 29.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 95,013 shares of the technology company’s stock valued at $21,531,000 after buying an additional 21,694 shares in the last quarter. Perpetual Ltd increased its holdings in shares of International Business Machines by 41.9% in the third quarter. Perpetual Ltd now owns 15,683 shares of the technology company’s stock valued at $3,449,000 after buying an additional 4,630 shares in the last quarter. Vertrix Wealth Management LLC increased its holdings in shares of International Business Machines by 9.4% in the third quarter. Vertrix Wealth Management LLC now owns 14,439 shares of the technology company’s stock valued at $3,176,000 after buying an additional 1,245 shares in the last quarter. Finally, JGP Wealth Management LLC increased its holdings in shares of International Business Machines by 84.5% in the third quarter. JGP Wealth Management LLC now owns 3,480 shares of the technology company’s stock valued at $765,000 after buying an additional 1,594 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: RBC maintained its Outperform rating and $270 target for IBM, signaling confidence that the stock’s recent weakness has created additional upside potential.
• Positive Sentiment: IBM advanced to Stage C of DARPA’s Quantum Benchmarking Initiative, highlighting its position among leading quantum-computing developers. The Pentagon’s roughly $350 million quantum initiative could provide longer-term validation and commercial opportunities, although near-term revenue remains uncertain. DARPA Just Revealed the 2 Best Quantum Computing Stocks to Buy Now
• Positive Sentiment: Recent coverage emphasizes IBM’s aggressive quantum-computing strategy and new tools, adding a growth narrative beyond its established software, consulting and infrastructure businesses. Quantum Computing News: IBM Unveils New Tools
• Neutral Sentiment: IBM is being presented as a potentially attractive retirement and dividend stock because it has fallen out of favor relative to Cisco while offering an approximately 3% dividend yield. The comparison is supportive of IBM’s income appeal but does not represent a new company-specific catalyst. Cisco vs. IBM: Why the Stock Nobody Wants Could Be the Better Retirement Buy
• Negative Sentiment: Truist Securities initiated coverage with a Hold rating, providing a more cautious counterpoint to RBC’s bullish view and potentially limiting near-term enthusiasm. Truist Securities Initiates Coverage of IBM With Hold

International Business Machines Company Profile

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.