Brokerages Set International Business Machines Co. (NYSE:IBM) Price Target at $146.69

Shares of International Business Machines Co. (NYSE:IBMGet Rating) have been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $146.69.

Several research analysts have commented on IBM shares. Zacks Investment Research downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research note on Tuesday, April 5th. UBS Group decreased their target price on shares of International Business Machines from $124.00 to $118.00 in a research note on Tuesday, January 25th. Bank of America lifted their target price on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Tigress Financial lifted their target price on shares of International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Finally, Morgan Stanley upped their price objective on shares of International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th.

NYSE:IBM traded down $3.53 on Monday, reaching $132.21. 5,078,660 shares of the company’s stock were exchanged, compared to its average volume of 5,120,311. The stock has a fifty day simple moving average of $128.58 and a 200-day simple moving average of $128.52. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.92 and a quick ratio of 0.87. International Business Machines has a 52 week low of $114.56 and a 52 week high of $152.84. The firm has a market cap of $118.91 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 1.52 and a beta of 1.10.

International Business Machines (NYSE:IBMGet Rating) last announced its earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.02. International Business Machines had a net margin of 8.21% and a return on equity of 42.14%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. During the same period in the previous year, the business posted $1.77 earnings per share. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines will post 9.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be paid a dividend of $1.65 per share. The ex-dividend date is Monday, May 9th. This represents a $6.60 annualized dividend and a yield of 4.99%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s payout ratio is presently 107.54%.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of International Business Machines by 1.4% in the fourth quarter. BlackRock Inc. now owns 65,452,374 shares of the technology company’s stock worth $8,748,364,000 after buying an additional 924,180 shares in the last quarter. State Street Corp lifted its stake in shares of International Business Machines by 3.3% in the fourth quarter. State Street Corp now owns 53,048,681 shares of the technology company’s stock worth $7,090,487,000 after buying an additional 1,687,122 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of International Business Machines by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,192,375 shares of the technology company’s stock worth $2,030,611,000 after buying an additional 951,417 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of International Business Machines by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 15,018,006 shares of the technology company’s stock worth $2,001,895,000 after buying an additional 261,118 shares in the last quarter. Finally, Norges Bank bought a new position in shares of International Business Machines in the fourth quarter worth approximately $1,025,028,000. 54.91% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

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