International Business Machines (NYSE:IBM) Rating Lowered to Hold at StockNews.com

International Business Machines (NYSE:IBM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other research analysts have also recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Societe Generale reissued a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. BMO Capital Markets raised their target price on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus target price of $177.23.

International Business Machines Trading Up 1.0 %

Shares of NYSE:IBM opened at $184.01 on Tuesday. International Business Machines has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a market capitalization of $168.69 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The company has a 50-day simple moving average of $188.36 and a 200 day simple moving average of $169.98. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. Sell-side analysts forecast that International Business Machines will post 10.04 earnings per share for the current year.

Hedge Funds Weigh In On International Business Machines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of International Business Machines by 4.2% during the first quarter. Private Trust Co. NA now owns 12,554 shares of the technology company’s stock valued at $2,397,000 after purchasing an additional 502 shares during the period. Leavell Investment Management Inc. raised its holdings in shares of International Business Machines by 1.8% during the first quarter. Leavell Investment Management Inc. now owns 12,688 shares of the technology company’s stock valued at $2,423,000 after purchasing an additional 226 shares during the period. Patton Albertson Miller Group LLC raised its holdings in shares of International Business Machines by 8.4% during the first quarter. Patton Albertson Miller Group LLC now owns 20,864 shares of the technology company’s stock valued at $3,984,000 after purchasing an additional 1,622 shares during the period. Zhang Financial LLC raised its holdings in shares of International Business Machines by 24.0% during the first quarter. Zhang Financial LLC now owns 14,650 shares of the technology company’s stock valued at $2,798,000 after purchasing an additional 2,833 shares during the period. Finally, Activest Wealth Management acquired a new position in shares of International Business Machines during the first quarter valued at about $47,000. 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.