International Business Machines Co. (NYSE:IBM) Receives an Average “Moderate Buy” Rating from Brokerages
Shares of International Business Machines Co. (NYSE:IBM – Get Rating) earned a consensus “moderate buy” rating from the eleven rating agencies that currently cover the company, MarketBeat.com reports. Two equity research analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $146.80.
IBM has been the subject of a number of recent analyst reports. BMO Capital Markets cut its price target on International Business Machines from $152.00 to $148.00 in a Tuesday, July 19 report. Credit Suisse Group raised its price target on International Business Machines from $156.00 to $163.00 and gave the stock an “outperform” rating in a Wednesday, August 17 report. Morgan Stanley lowered its price target on International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a Tuesday, July 19 report. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a Thursday, July 21 report.
Institutional Trade of International Trade Machines
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Several large investors have recently changed their positions in the company. W Advisors LLC bought a new position in International Business Machines in Q2, valued at around $297,000. Columbia Asset Management bought a new position in International Business Machines in Q2, valued at around $5,251,000. M&G Investment Management Ltd. increased its position in International Business Machines by 34.5% in Q2. M&G Investment Management Ltd. now owns 6,191 shares of the technology company valued at $873,000 after acquiring 1,588 additional shares last quarter. BDO Wealth Advisors LLC increased its position in International Business Machines by 0.7% in the second quarter. BDO Wealth Advisors LLC now owns 26,289 shares of the technology company valued at $3,712,000 after acquiring 179 additional shares last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in International Business Machines by 52.1% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 6,397 shares of the technology company valued at $903,000 after acquiring 2,190 additional shares last quarter. 55.22% of the shares are currently held by institutional investors and hedge funds.
International stock of trading machines down 2.7%
IBM shares opened at $130.38 on Friday. International Business Machines has a 52 week minimum of $114.56 and a 52 week maximum of $146.00. The stock has a market capitalization of $117.76 billion, a price-earnings ratio of 21.17, a PEG ratio of 2.01 and a beta of 0.85. The company has a debt ratio of 2.28, a quick ratio of 0.82 and a current ratio of 0.88. The stock has a fifty-day moving average of $135.34 and a 200-day moving average of $132.73.
International Business Machines (NYSE:IBM – Get Rating) last announced its quarterly results on Monday, July 18. The technology company reported EPS of $2.31 for the quarter, beating consensus analyst estimates of $2.29 by $0.02. The company posted revenue of $15.54 billion in the quarter, compared to $15.18 billion expected by analysts. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. International Business Machines revenue increased 9.3% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $2.33. As a group, sell-side analysts expect International Business Machines to post earnings per share of 9.47 for the current fiscal year.
International Business Machines Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10. Shareholders of record on Wednesday, August 10 will receive a dividend of $1.65. The ex-dividend date is Tuesday, August 9. This represents an annualized dividend of $6.60 and a dividend yield of 5.06%. International Business Machines’ dividend payout ratio is currently 107.14%.
International Business Machines Company Profile
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International Business Machines Corporation provides integrated solutions and services worldwide. The Company operates through four business segments: Software, Consulting, Infrastructure and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open source solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.
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