Weekly Analysts’ Ratings Changes for International Business Machines (IBM)

by · The Cerbat Gem

Several brokerages have updated their recommendations and price targets on shares of International Business Machines (NYSE: IBM) in the last few weeks:

  • 11/12/2024 – International Business Machines was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 10/25/2024 – International Business Machines was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 10/24/2024 – International Business Machines had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $250.00 price target on the stock.
  • 10/24/2024 – International Business Machines had its price target raised by analysts at BMO Capital Markets from $235.00 to $260.00. They now have a “market perform” rating on the stock.
  • 10/24/2024 – International Business Machines had its price target lowered by analysts at Morgan Stanley from $217.00 to $208.00. They now have an “equal weight” rating on the stock.
  • 10/21/2024 – International Business Machines had its price target raised by analysts at Jefferies Financial Group Inc. from $200.00 to $245.00. They now have a “hold” rating on the stock.
  • 10/17/2024 – International Business Machines had its price target raised by analysts at Morgan Stanley from $182.00 to $217.00. They now have an “equal weight” rating on the stock.
  • 10/16/2024 – International Business Machines had its price target raised by analysts at Stifel Nicolaus from $205.00 to $246.00. They now have a “buy” rating on the stock.
  • 10/10/2024 – International Business Machines had its price target raised by analysts at Royal Bank of Canada from $211.00 to $250.00. They now have an “outperform” rating on the stock.
  • 10/9/2024 – International Business Machines had its price target raised by analysts at Bank of America Co. from $209.00 to $250.00. They now have a “buy” rating on the stock.
  • 10/3/2024 – International Business Machines had its price target raised by analysts at Bernstein Bank from $185.00 to $210.00. They now have a “market perform” rating on the stock.
  • 10/2/2024 – International Business Machines was downgraded by analysts at DZ Bank AG from a “buy” rating to a “hold” rating. They now have a $215.00 price target on the stock.
  • 9/30/2024 – International Business Machines had its price target raised by analysts at The Goldman Sachs Group, Inc. from $220.00 to $250.00. They now have a “buy” rating on the stock.

International Business Machines Price Performance

IBM traded up $0.06 on Wednesday, hitting $210.92. 3,224,307 shares of the company’s stock were exchanged, compared to its average volume of 4,228,524. International Business Machines Co. has a fifty-two week low of $149.05 and a fifty-two week high of $237.37. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a 50-day moving average price of $218.44 and a 200-day moving average price of $192.98. The stock has a market cap of $195.03 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 4.74 and a beta of 0.71.

International Business Machines (NYSE:IBM – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.17%. International Business Machines’s payout ratio is 97.23%.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

Institutional Trading of International Business Machines

Several institutional investors and hedge funds have recently bought and sold shares of IBM. ESL Trust Services LLC purchased a new stake in International Business Machines during the first quarter worth about $28,000. Hazlett Burt & Watson Inc. increased its stake in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC purchased a new stake in shares of International Business Machines during the third quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of International Business Machines during the second quarter worth approximately $36,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

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