International Business Machines Corp. (IBM) Receives $169.41 Average Price Target from Analysts

International Business Machines Corp. (NYSE:IBM) has been given an average recommendation of “Hold” by the twenty-seven brokerages that are presently covering the company. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $169.41.

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of International Business Machines Corp. from $187.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, March 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $166.00 price target on shares of International Business Machines Corp. in a research note on Saturday, March 11th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of International Business Machines Corp. in a research note on Wednesday, March 8th. Cowen and Company reaffirmed an “underperform” rating and issued a $125.00 price target on shares of International Business Machines Corp. in a research note on Wednesday, March 8th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $185.00 price target (up from $165.00) on shares of International Business Machines Corp. in a research note on Wednesday, March 8th.

In other International Business Machines Corp. news, insider James J. Kavanaugh sold 559 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $178.31, for a total value of $99,675.29. Following the transaction, the insider now directly owns 29,856 shares in the company, valued at $5,323,623.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Diane J. Gherson sold 5,000 shares of the business’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $179.18, for a total transaction of $895,900.00. Following the completion of the transaction, the insider now owns 20,952 shares in the company, valued at $3,754,179.36. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massey Quick & Co. LLC bought a new position in International Business Machines Corp. during the fourth quarter worth $108,000. Hemenway Trust Co LLC bought a new position in International Business Machines Corp. during the fourth quarter worth $110,000. Kernodle & Katon Asset Management Group LLC boosted its position in International Business Machines Corp. by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock worth $109,000 after buying an additional 34 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in International Business Machines Corp. during the fourth quarter worth $117,000. Finally, Capital Analysts LLC boosted its position in International Business Machines Corp. by 5.5% in the fourth quarter. Capital Analysts LLC now owns 726 shares of the technology company’s stock worth $121,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 58.65% of the company’s stock.

Your IP Address:

Shares of International Business Machines Corp. (NYSE:IBM) opened at 175.70 on Thursday. International Business Machines Corp. has a 52 week low of $142.50 and a 52 week high of $182.79. The firm has a market capitalization of $165.72 billion, a P/E ratio of 14.19 and a beta of 0.96. The company has a 50-day moving average of $178.41 and a 200 day moving average of $165.09.

International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 19th. The technology company reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.88 by $0.13. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The firm earned $21.77 billion during the quarter, compared to the consensus estimate of $21.69 billion. During the same period in the previous year, the firm posted $4.84 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Corp. will post $13.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 10th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, February 8th. International Business Machines Corp.’s payout ratio is 45.16%.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

Receive News & Ratings for International Business Machines Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply