Jefferies Financial Group Increases International Business Machines (NYSE:IBM) Price Target to $200.00

International Business Machines (NYSE:IBM) had its price target upped by stock analysts at Jefferies Financial Group from $190.00 to $200.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 3.40% from the company’s current price.

Several other brokerages have also recently commented on IBM. JPMorgan Chase & Co. dropped their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. BMO Capital Markets dropped their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group lifted their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of International Business Machines in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $184.20.

International Business Machines Stock Performance

Shares of IBM traded up $9.41 during mid-day trading on Thursday, reaching $193.43. 4,574,990 shares of the company’s stock traded hands, compared to its average volume of 4,410,599. The business’s 50-day moving average price is $173.83 and its 200-day moving average price is $178.81. The stock has a market capitalization of $177.68 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines has a 12 month low of $135.87 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company earned $2.18 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that International Business Machines will post 9.9 earnings per share for the current year.

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new stake in International Business Machines in the first quarter valued at about $26,000. Naples Money Management LLC bought a new stake in International Business Machines during the fourth quarter worth about $28,000. ESL Trust Services LLC bought a new stake in International Business Machines during the first quarter worth about $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines during the fourth quarter worth about $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines during the fourth quarter worth about $31,000. 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.