International Business Machines Corporation (NYSE:IBM) Given Consensus Recommendation of “Moderate Buy” by Analysts

International Business Machines Corporation (NYSE:IBMGet Free Report) has received a consensus rating of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $294.4118.

A number of equities analysts have issued reports on the stock. Morgan Stanley lifted their price objective on shares of International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. Dbs Bank raised shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a report on Monday, January 19th. Citigroup assumed coverage on shares of International Business Machines in a report on Friday, April 10th. They set a “buy” rating and a $285.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of International Business Machines from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th.

Check Out Our Latest Stock Analysis on International Business Machines

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

International Business Machines Stock Performance

Shares of IBM stock opened at $219.56 on Friday. The firm has a market capitalization of $206.37 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The firm has a fifty day simple moving average of $240.49 and a two-hundred day simple moving average of $275.05. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines has a 12 month low of $212.34 and a 12 month high of $324.90.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 EPS. Analysts forecast that International Business Machines will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 3.1%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is presently 59.77%.

Insider Transactions at International Business Machines

In other news, Director Michael Miebach acquired 434 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the acquisition, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Institutional Trading of International Business Machines

Large investors have recently added to or reduced their stakes in the stock. Family CFO Inc purchased a new position in International Business Machines in the fourth quarter valued at about $25,000. Basepoint Wealth LLC purchased a new position in International Business Machines in the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC purchased a new position in International Business Machines in the first quarter valued at about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in International Business Machines in the third quarter valued at about $28,000. Finally, Joseph Group Capital Management purchased a new position in International Business Machines in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

About International Business Machines

(Get Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

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