International Business Machines Corporation (NYSE:IBM) Receives $286.38 Average Price Target from Brokerages

Shares of International Business Machines Corporation (NYSE:IBM) have earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $288.00.

A number of brokerages have recently commented on IBM. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. BMO Capital Markets upped their target price on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group raised their target price on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday. Finally, Jefferies Financial Group boosted their price target on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday.

International Business Machines Stock Performance

NYSE IBM opened at $307.78 on Tuesday. The firm has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.69 and a beta of 0.73. International Business Machines has a 1-year low of $203.51 and a 1-year high of $310.75. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87. The business’s 50-day simple moving average is $266.21 and its 200-day simple moving average is $263.87.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts predict that International Business Machines will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is 80.38%.

Hedge Funds Weigh In On International Business Machines

Institutional investors have recently added to or reduced their stakes in the company. Family CFO Inc acquired a new position in shares of International Business Machines in the second quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the 1st quarter worth approximately $27,000. Winnow Wealth LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the 1st quarter valued at approximately $28,000. Finally, Dagco Inc. acquired a new stake in shares of International Business Machines during the first quarter worth approximately $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.