International Business Machines (NYSE:IBM) Downgraded by StockNews.com to “Hold”

International Business Machines (NYSE:IBM) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

IBM has been the topic of several other reports. Bank of America lifted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets boosted their price target on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. UBS Group boosted their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Royal Bank of Canada boosted their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price of $174.92.

International Business Machines Trading Up 0.2 %

Shares of NYSE:IBM opened at $181.94 on Tuesday. The company has a market cap of $166.79 billion, a PE ratio of 22.38, a P/E/G ratio of 3.57 and a beta of 0.70. The company’s 50-day moving average price is $188.38 and its 200 day moving average price is $169.59. International Business Machines has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $3.60 EPS. Sell-side analysts anticipate that International Business Machines will post 10.04 earnings per share for the current year.

Institutional Trading of International Business Machines

A number of institutional investors have recently added to or reduced their stakes in the business. Desjardins Global Asset Management Inc. lifted its position in International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares during the period. Arden Trust Co lifted its position in International Business Machines by 2.8% during the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after purchasing an additional 54 shares during the period. Calamos Wealth Management LLC lifted its position in International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after purchasing an additional 55 shares during the period. Avion Wealth lifted its position in International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in International Business Machines by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after purchasing an additional 58 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines

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.