International Business Machines Corporation (IBM) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of International Business Machines Corporation (NYSE:IBM) from a buy rating to a hold rating in a research note released on Friday.

Several other equities analysts have also recently issued reports on IBM. Pacific Crest initiated coverage on International Business Machines Corporation in a report on Thursday, May 18th. They issued an equal weight rating and a $151.35 price target on the stock. Jefferies Group LLC set a $135.00 price target on International Business Machines Corporation and gave the company a sell rating in a report on Friday, May 19th. Vetr cut International Business Machines Corporation from a hold rating to a sell rating and set a $143.18 price target on the stock. in a report on Monday, May 22nd. Royal Bank Of Canada reiterated a hold rating and issued a $180.00 price target on shares of International Business Machines Corporation in a report on Tuesday, May 23rd. Finally, Stifel Nicolaus decreased their price target on International Business Machines Corporation from $192.00 to $182.00 and set a buy rating on the stock in a report on Wednesday, May 24th. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corporation has a consensus rating of Hold and a consensus price target of $157.12.

Shares of International Business Machines Corporation (NYSE IBM) opened at 144.55 on Friday. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The firm has a 50-day moving average of $143.20 and a 200 day moving average of $155.84. The company has a market capitalization of $134.71 billion, a PE ratio of 12.00 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.95 earnings per share. On average, equities research analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were paid a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.15%. International Business Machines Corporation’s dividend payout ratio is 49.88%.

A number of hedge funds have recently bought and sold shares of the business. CKW Financial Group grew its stake in International Business Machines Corporation by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after purchasing an additional 3 shares in the last quarter. K.J. Harrison & Partners Inc grew its stake in International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after purchasing an additional 7 shares in the last quarter. Arthur M. Cohen & Associates LLC grew its stake in International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after purchasing an additional 7 shares in the last quarter. Milestone Group Inc. grew its stake in International Business Machines Corporation by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial & Investment Management Group Ltd. grew its stake in International Business Machines Corporation by 0.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,958 shares of the technology company’s stock valued at $341,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.

About International Business Machines Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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