Recent analyst rating updates for International Business Machines (IBM)


A number of research firms have changed their ratings and price targets to International Business Machinery (NYSE:IBM):

  • 04/21/2022 – International Business Machines has had its price target raised by Tigress Financial analysts from $133.00 to $139.00. They now have a “neutral” rating on the title.
  • 04/20/2022 – International Business Machines has had its price target raised by Morgan Stanley analysts from $150.00 to $157.00. They now have an “overweight” rating on the stock.
  • 04/20/2022 – International Business Machines has had its price target raised by Credit Suisse Group AG analysts from $165.00 to $166.00. They now have an “outperform” rating on the title.
  • 04/20/2022 – International Business Machines has had its price target raised by BMO Capital Markets analysts from $148.00 to $152.00. They now have a “market performance” rating on the title.
  • 04/20/2022 – International Business Machines has had its price target raised by analysts at Bank of America Co. from $162.00 to $165.00. They now have a “buy” rating on the stock.
  • 04/13/2022 – International Business Machines has been upgraded by Morgan Stanley analysts from an “equal weight” rating to an “overweight” rating. They now have a price target of $150.00 on the stock, down from $147.00 previously.
  • 04/13/2022 – International Business Machines has had its price target lowered by BMO Capital Markets analysts from $155.00 to $148.00. They now have a “market performance” rating on the title.
  • 05/04/2022 – International Business Machines has been downgraded by Zacks Investment Research analysts from a “buy” rating to a “hold” rating. They now have a price target of $140.00 on the stock. According to Zacks, “IBM’s growth should be driven primarily by analytics, cloud computing and long-term security. The synergies from the acquisition of Red Hat strengthen its competitive position in the hybrid cloud market. The company stands to benefit from the robust adoption and wide availability of IBM Blockchain World Wire, a blockchain-based global payment network aimed at accelerating and optimizing cross-border payments. It is poised to leverage the spin-off of the legacy infrastructure services business as it focuses on a hybrid cloud strategy. However, fierce competition in the cloud computing market from Amazon Web Services and Microsoft Azure remains an overhang. Higher debt levels amid major restructuring activities are a concern. High integration risk from the ongoing acquisition frenzy is another headwind. »
  • 03/31/2022 – International Business Machines is now covered by StockNews.com analysts. They set a “buy” rating on the stock.

Shares of NYSE:IBM traded down $5.22 during Tuesday’s trading, hitting $129.22. The company had a trading volume of 331,725 ​​shares, compared to its average volume of 5,509,178. The company’s fifty-day moving average is $130.08 and its 200-day moving average is 128 $.21. The company has a market capitalization of $116.22 billion, a PE ratio of 21.18, a growth price-earnings ratio of 1.54 and a beta of 1.01. International Business Machines Co. has a 12-month low of $114.56 and a 12-month high of $152.84. The company has a debt ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.92.

International Business Machines (NYSE:IBM – Get Rating) released its quarterly results for the last time on Tuesday April 19. The technology company reported earnings per share of $1.40 for the quarter, beating analysts’ consensus estimate of $1.38 by $0.02. International Business Machines achieved a net margin of 8.21% and a return on equity of 42.14%. The company posted revenue of $14.20 billion in the quarter, versus analyst estimates of $13.84 billion. During the same period a year earlier, the company posted EPS of $1.77. The company’s revenue for the quarter increased 7.7% compared to the same quarter last year. Stock analysts predict that International Business Machines Co. will post earnings per share of 9.89 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10. Investors of record on Tuesday, May 10 will receive a dividend of $1.65. This is an increase from International Business Machines’ previous quarterly dividend of $1.64. This represents a dividend of $6.60 on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Monday, May 9. International Business Machines’ payout ratio is currently 107.54%.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Duff & Phelps Investment Management Co. increased its holdings of International Business Machines shares by 0.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 9,330 shares of the technology company worth $1,247,000 after buying 76 more shares last quarter. SJS Investment Consulting Inc. increased its holdings of International Business Machines shares by 39.9% in the first quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company valued at $35,000 after acquiring 77 additional shares during the period. Rossmore Private Capital increased its holdings of International Business Machines shares by 1.2% during the fourth quarter. Rossmore Private Capital now owns 6,418 shares of the technology company valued at $858,000 after acquiring 78 additional shares during the period. Twin Capital Management Inc. increased its holding in shares of International Business Machines by 1.7% during the fourth quarter. Twin Capital Management Inc. now owns 4,909 shares of the technology company valued at $656,000 after acquiring 80 additional shares during the period. Finally, SeaBridge Investment Advisors LLC increased its holding in shares of International Business Machines by 0.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 21,541 shares of the technology company valued at $2,801,000 after acquiring 80 additional shares during the period. Institutional investors and hedge funds hold 55.22% of the company’s shares.

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 solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.

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James G. Williams