International Business Machines Corp. (IBM) Given Average Recommendation of “Hold” by Analysts

International Business Machines Corp. (NYSE:IBM) has earned an average recommendation of “Hold” from the thirty-five brokerages that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $164.37.

A number of equities research analysts have recently weighed in on the company. Oppenheimer reissued a “hold” rating on shares of International Business Machines in a research note on Wednesday, October 18th. BMO Capital Markets reissued a “hold” rating and issued a $175.00 target price on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. UBS Group reissued a “neutral” rating and issued a $160.00 target price (up previously from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research note on Friday, October 13th. Finally, Barclays boosted their target price on International Business Machines from $132.00 to $133.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th.

Shares of International Business Machines (IBM) traded down $2.64 during mid-day trading on Friday, reaching $144.95. The company’s stock had a trading volume of 4,433,064 shares, compared to its average volume of 6,801,939. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. International Business Machines has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a market capitalization of $134,340.00, a price-to-earnings ratio of 23.69, a P/E/G ratio of 2.25 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same quarter in the previous year, the company posted $5.01 EPS. International Business Machines’s revenue for the quarter was up 3.6% on a year-over-year basis. equities analysts expect that International Business Machines will post 13.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.14%. International Business Machines’s dividend payout ratio is presently 98.20%.

In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the business. Barry Investment Advisors LLC grew its stake in shares of International Business Machines by 2.8% in the 2nd quarter. Barry Investment Advisors LLC now owns 3,270 shares of the technology company’s stock worth $503,000 after buying an additional 89 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of International Business Machines by 52.0% in the 2nd quarter. Essex Investment Management Co. LLC now owns 19,674 shares of the technology company’s stock worth $3,026,000 after buying an additional 6,734 shares during the last quarter. Enterprise Financial Services Corp grew its stake in shares of International Business Machines by 15.1% in the 2nd quarter. Enterprise Financial Services Corp now owns 5,979 shares of the technology company’s stock worth $920,000 after buying an additional 786 shares during the last quarter. Foster & Motley Inc. grew its stake in shares of International Business Machines by 5.1% in the 2nd quarter. Foster & Motley Inc. now owns 18,721 shares of the technology company’s stock worth $2,880,000 after buying an additional 907 shares during the last quarter. Finally, Kanawha Capital Management LLC grew its stake in shares of International Business Machines by 1.3% in the 2nd quarter. Kanawha Capital Management LLC now owns 43,237 shares of the technology company’s stock worth $6,651,000 after buying an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 57.06% of the company’s stock.

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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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