International Business Machines (NYSE:IBM) Stock Rating Reaffirmed as “Outperform” by Royal Bank Of Canada

International Business Machines (NYSE:IBM)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a report issued on Tuesday, Benzinga reports. They currently have a $270.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 16.80% from the stock’s current price.

IBM has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their target price on International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Argus lowered their target price on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Wolfe Research lowered International Business Machines to a “peer perform” rating in a research report on Tuesday, June 23rd. Bank of America lowered their target price on International Business Machines from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Robert W. Baird started coverage on International Business Machines in a research report on Tuesday, July 21st. They set a “neutral” rating and a $230.00 target price on the stock. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $252.96.

International Business Machines Stock Up 1.8%

Shares of NYSE:IBM traded up $4.15 during trading on Tuesday, reaching $231.17. 2,508,608 shares of the stock were exchanged, compared to its average volume of 7,488,115. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. International Business Machines has a 1-year low of $199.19 and a 1-year high of $332.46. The stock has a fifty day moving average of $232.30 and a two-hundred day moving average of $243.84. The firm has a market cap of $217.79 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.16 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its earnings results 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 for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. International Business Machines’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts anticipate that International Business Machines will post 12.33 earnings per share for the current fiscal year.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IBM. BlackRock Inc. purchased a new stake in International Business Machines in the 2nd quarter worth about $21,586,659,000. Bank of America Corp DE bought a new stake in shares of International Business Machines in the second quarter valued at approximately $4,214,868,000. Bank of New York Mellon Corp bought a new stake in shares of International Business Machines in the second quarter valued at approximately $2,606,782,000. Legal & General Group Plc bought a new stake in shares of International Business Machines in the second quarter valued at approximately $1,874,733,000. Finally, Wellington Management Group LLP boosted its holdings in International Business Machines by 2,362.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company’s stock worth $1,841,755,000 after buying an additional 6,283,395 shares during the period. Institutional investors own 58.96% of the company’s stock.

Trending Headlines about 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.