International Business Machines (NYSE:IBM) Downgraded by StockNews.com to “Hold”

International Business Machines (NYSE:IBM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group started coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research note on Wednesday, April 17th. Sanford C. Bernstein increased their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Societe Generale reissued a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Finally, Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $174.92.

International Business Machines Price Performance

Shares of IBM opened at $181.94 on Tuesday. International Business Machines has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market capitalization of $166.79 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The company’s fifty day moving average price is $188.38 and its 200-day moving average price is $169.59.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the company earned $3.60 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. On average, equities research analysts predict that International Business Machines will post 10.04 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Summit Global Investments acquired a new stake in International Business Machines in the 3rd quarter valued at about $235,000. Ziegler Capital Management LLC raised its holdings in International Business Machines by 0.8% in the 3rd quarter. Ziegler Capital Management LLC now owns 21,863 shares of the technology company’s stock valued at $3,067,000 after acquiring an additional 172 shares during the last quarter. Private Trust Co. NA grew its stake in shares of International Business Machines by 5.6% in the 3rd quarter. Private Trust Co. NA now owns 11,815 shares of the technology company’s stock valued at $1,658,000 after buying an additional 627 shares during the period. Wagner Wealth Management LLC grew its stake in shares of International Business Machines by 1.4% in the 3rd quarter. Wagner Wealth Management LLC now owns 22,375 shares of the technology company’s stock valued at $3,139,000 after buying an additional 311 shares during the period. Finally, Holland Advisory Services Inc. purchased a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $311,000. Institutional investors and hedge funds 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.