IBM (IBM) Receives Average Rating of “Hold” from Analysts

Shares of IBM (NYSE:IBM) have been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $157.00.

IBM has been the topic of a number of research analyst reports. Citigroup boosted their price target on shares of IBM from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. ValuEngine raised shares of IBM from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. UBS Group set a $160.00 price target on shares of IBM and gave the company a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research downgraded shares of IBM from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Credit Suisse Group initiated coverage on shares of IBM in a research note on Thursday, April 11th. They issued an “outperform” rating and a $173.00 price target on the stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. grew its holdings in IBM by 1.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,500,954 shares of the technology company’s stock worth $352,883,000 after acquiring an additional 27,813 shares in the last quarter. Swedbank boosted its holdings in shares of IBM by 21.1% in the 1st quarter. Swedbank now owns 1,404,199 shares of the technology company’s stock valued at $198,132,000 after buying an additional 244,949 shares in the last quarter. OLD Republic International Corp boosted its holdings in shares of IBM by 14.4% in the 1st quarter. OLD Republic International Corp now owns 572,000 shares of the technology company’s stock valued at $80,709,000 after buying an additional 72,000 shares in the last quarter. MUFG Securities EMEA plc boosted its holdings in shares of IBM by 44.8% in the 4th quarter. MUFG Securities EMEA plc now owns 216,780 shares of the technology company’s stock valued at $24,641,000 after buying an additional 67,055 shares in the last quarter. Finally, Oak Associates Ltd. OH boosted its holdings in shares of IBM by 1.3% in the 4th quarter. Oak Associates Ltd. OH now owns 184,274 shares of the technology company’s stock valued at $20,946,000 after buying an additional 2,403 shares in the last quarter. 55.19% of the stock is currently owned by hedge funds and other institutional investors.

IBM stock traded up $3.90 during trading on Thursday, reaching $132.17. 1,834,026 shares of the stock were exchanged, compared to its average volume of 3,318,142. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.36 and a quick ratio of 1.31. IBM has a 1 year low of $105.94 and a 1 year high of $154.36. The company has a market capitalization of $112.59 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23.

IBM (NYSE:IBM) last issued its earnings results on Tuesday, April 16th. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.03. The company had revenue of $18.18 billion for the quarter, compared to the consensus estimate of $18.53 billion. IBM had a net margin of 10.98% and a return on equity of 68.76%. IBM’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.45 earnings per share. Sell-side analysts forecast that IBM will post 13.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $1.62 per share. This is an increase from IBM’s previous quarterly dividend of $1.57. This represents a $6.48 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, May 9th. IBM’s dividend payout ratio is presently 46.92%.

About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

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Analyst Recommendations for IBM (NYSE:IBM)

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