International Business Machines (NYSE:IBM) Price Target Lowered to $250.00 at JPMorgan Chase & Co.

International Business Machines (NYSE:IBM) had its price objective decreased by JPMorgan Chase & Co. from $291.00 to $250.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus set a $290.00 target price on International Business Machines in a research note on Friday, May 22nd. Wolfe Research cut International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Citigroup lowered their target price on International Business Machines from $375.00 to $255.00 and set a “buy” rating for the company in a research note on Friday. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research report on Tuesday, June 23rd. They set a “buy” rating for the company. Finally, Bank of America lifted their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Fifteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $292.89.

International Business Machines Stock Down 3.0%

Shares of NYSE:IBM opened at $212.54 on Friday. The stock has a market capitalization of $199.76 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. The company’s fifty day moving average is $263.84 and its two-hundred day moving average is $263.58. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines has a 1-year low of $204.44 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. Equities analysts anticipate that International Business Machines will post 12.33 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

Hedge Funds Weigh In On International Business Machines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $25,000. Family CFO Inc acquired a new stake in International Business Machines during the fourth quarter worth approximately $25,000. Joseph Group Capital Management bought a new stake in International Business Machines in the fourth quarter worth approximately $28,000. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at about $28,000. Finally, SWAN Capital LLC bought a new position in International Business Machines in the third quarter worth approximately $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

More International Business Machines News

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

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.