International Business Machines (NYSE:IBM) Stock Rating Reaffirmed by Stifel Nicolaus

International Business Machines (NYSE:IBM)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a report released on Wednesday, Benzinga reports. They presently have a $190.00 price objective on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 4.72% from the company’s previous close.

IBM has been the topic of a number of other reports. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Jefferies Financial Group began coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 price target on the stock. Finally, Bank of America lifted their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $178.67.

International Business Machines Price Performance

Shares of IBM stock opened at $181.44 on Wednesday. International Business Machines has a 52-week low of $120.55 and a 52-week high of $199.18. The stock has a market cap of $166.33 billion, a PE ratio of 22.32, a PEG ratio of 3.60 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm’s 50 day moving average price is $188.56 and its two-hundred day moving average price is $168.63.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’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 earnings per share. As a group, analysts forecast that International Business Machines will post 10.07 EPS for the current year.

Institutional Trading of International Business Machines

A number of institutional investors have recently bought and sold shares of IBM. Cantor Fitzgerald Investment Advisor L.P boosted its holdings in International Business Machines by 97.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after purchasing an additional 127,093 shares during the period. Roundview Capital LLC bought a new stake in shares of International Business Machines during the 1st quarter worth approximately $203,000. Sei Investments Co. lifted its holdings in shares of International Business Machines by 35.7% during the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock worth $23,157,000 after acquiring an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in shares of International Business Machines by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock worth $12,438,000 after acquiring an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of International Business Machines by 1.5% during the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock worth $49,698,000 after acquiring an additional 5,506 shares during the period. Institutional investors own 58.96% of the company’s stock.

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.