International Business Machines (NYSE:IBM) Price Target Lowered to $210.00 at Jefferies Financial Group

International Business Machines (NYSE:IBM) had its price objective decreased by stock analysts at Jefferies Financial Group from $215.00 to $210.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 14.06% from the company’s current price.

Several other equities research analysts have also recently weighed in on IBM. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Societe Generale reissued a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Royal Bank of Canada increased their target price on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $177.23.

International Business Machines Trading Up 1.2 %

NYSE:IBM traded up $2.21 during mid-day trading on Tuesday, hitting $184.11. 1,011,452 shares of the stock traded hands, compared to its average volume of 4,707,969. The stock has a market capitalization of $168.78 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.57 and a beta of 0.70. International Business Machines has a 52 week low of $120.55 and a 52 week high of $199.18. The firm’s 50 day moving average is $188.38 and its two-hundred day moving average is $169.59. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last issued 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. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.60 EPS. On average, equities research analysts predict that International Business Machines will post 10.04 earnings per share for the current year.

Hedge Funds Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. Vontobel Holding Ltd. lifted its stake in shares of International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after buying an additional 80,474 shares in the last quarter. Natixis Advisors L.P. increased its position in International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares during the last quarter. Herold Advisors Inc. increased its position in International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares during the last quarter. Tsfg LLC increased its position in International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new stake in International Business Machines during the third quarter worth about $661,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.