International Business Machines (NYSE:IBM) Stock Price Expected to Rise, UBS Group Analyst Says

International Business Machines (NYSE:IBM) had its price objective lifted by equities research analysts at UBS Group from $150.00 to $160.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “sell” rating on the technology company’s stock. UBS Group’s price objective would suggest a potential downside of 26.40% from the stock’s current price.

IBM has been the subject of a number of other research reports. BMO Capital Markets increased their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Stifel Nicolaus increased their price target on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Bank of America increased their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley increased their price target on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $215.81.

International Business Machines Price Performance

NYSE IBM opened at $217.39 on Tuesday. The business’s fifty day moving average price is $222.14 and its 200-day moving average price is $209.84. The stock has a market capitalization of $201.01 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 5.18 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines has a 1-year low of $162.62 and a 1-year high of $239.35.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the prior year, the firm earned $2.20 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that International Business Machines will post 10.12 earnings per share for the current year.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is currently owned by company insiders.

Institutional Trading of International Business Machines

Institutional investors have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its stake in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC bought a new stake in shares of International Business Machines during the third quarter valued at approximately $29,000. Avondale Wealth Management raised its stake in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $40,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of International Business Machines during the third quarter valued at approximately $43,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Company Profile

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.