International Business Machines (NYSE:IBM) Price Target Increased to $205.00 by Analysts at Stifel Nicolaus

International Business Machines (NYSE:IBM) had its price objective hoisted by stock analysts at Stifel Nicolaus from $190.00 to $205.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 7.40% from the stock’s previous close.

Several other research analysts have also commented on IBM. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Morgan Stanley cut their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Wedbush lifted their price target on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Finally, UBS Group boosted their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $183.53.

International Business Machines Trading Up 3.7 %

International Business Machines stock traded up $6.86 during midday trading on Thursday, reaching $190.88. 1,803,060 shares of the stock traded hands, compared to its average volume of 4,391,078. The company has a 50-day simple moving average of $173.83 and a two-hundred day simple moving average of $178.81. International Business Machines has a 12-month low of $135.87 and a 12-month high of $199.18. The firm has a market cap of $175.34 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. International Business Machines’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $2.18 EPS. Research analysts expect that International Business Machines will post 9.9 earnings per share for the current fiscal year.

Institutional Trading of International Business Machines

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in International Business Machines by 6.7% during the first quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after acquiring an additional 5,546,855 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in International Business Machines by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock valued at $1,048,631,000 after purchasing an additional 61,028 shares during the last quarter. Norges Bank acquired a new position in International Business Machines during the fourth quarter valued at approximately $1,019,009,000. Dimensional Fund Advisors LP grew its holdings in International Business Machines by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock valued at $736,015,000 after purchasing an additional 97,482 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after purchasing an additional 2,118,165 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.