Analysts Set International Business Machines Corporation (NYSE:IBM) Target Price at $286.38

Shares of International Business Machines Corporation (NYSE:IBM) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. One 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 target among brokers that have updated their coverage on the stock in the last year is $288.00.

Several research firms have recently issued reports on IBM. UBS Group increased their target price on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday. The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IBM. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter worth about $27,000. Winnow Wealth LLC bought a new position in shares of International Business Machines in the second quarter worth about $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the first quarter valued at about $28,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of International Business Machines during the third quarter valued at about $28,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM opened at $312.53 on Tuesday. The firm has a market cap of $292.13 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. International Business Machines has a 52-week low of $203.51 and a 52-week high of $313.50. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The business’s fifty day moving average is $267.68 and its 200-day moving average is $264.61.

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

International Business Machines Dividend Announcement

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

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.