Brokerages Set International Business Machines Co. (NYSE:IBM) PT at $184.93

International Business Machines Co. (NYSE:IBM) has received an average rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $184.93.

Several brokerages have issued reports on IBM. UBS Group increased their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. BNP Paribas initiated coverage on International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Stifel Nicolaus increased their price objective on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th.

International Business Machines Stock Down 0.3 %

Shares of NYSE:IBM opened at $189.12 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock has a market cap of $174.21 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. The business’s 50 day moving average is $176.64 and its 200 day moving average is $180.17. International Business Machines has a 52-week low of $135.87 and a 52-week high of $199.18.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.18 EPS. Sell-side analysts predict that International Business Machines will post 10.06 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.53%. International Business Machines’s payout ratio is currently 75.65%.

Hedge Funds Weigh In On International Business Machines

Institutional investors and hedge funds have recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at about $26,000. Naples Money Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the 4th quarter worth about $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.