IBM (IBM) Receives $157.00 Average PT from Analysts

IBM (NYSE:IBM) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $157.00.

Several research firms recently issued reports on IBM. Zacks Investment Research raised shares of IBM from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. BMO Capital Markets increased their price target on shares of IBM from $147.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. ValuEngine raised shares of IBM from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Credit Suisse Group started coverage on shares of IBM in a report on Thursday, April 11th. They set an “outperform” rating and a $173.00 price objective for the company. Finally, Wedbush reaffirmed a “hold” rating and set a $131.00 price objective on shares of IBM in a report on Wednesday, January 23rd.

In related news, insider Erich Clementi sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $139.01, for a total value of $1,807,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Diane J. Gherson sold 1,989 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $137.25, for a total transaction of $272,990.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,113 shares of company stock valued at $2,096,923. Company insiders own 0.19% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Nalls Sherbakoff Group LLC bought a new position in IBM in the fourth quarter valued at approximately $34,000. Sycomore Asset Management bought a new position in IBM in the fourth quarter valued at approximately $81,000. Sharkey Howes & Javer boosted its stake in IBM by 75.9% in the fourth quarter. Sharkey Howes & Javer now owns 721 shares of the technology company’s stock valued at $82,000 after acquiring an additional 311 shares during the last quarter. Adell Harriman & Carpenter Inc. bought a new position in IBM in the first quarter valued at approximately $207,000. Finally, Peoples Bank OH bought a new position in IBM in the first quarter valued at approximately $226,000. 55.65% of the stock is owned by institutional investors and hedge funds.

NYSE:IBM opened at $137.64 on Friday. IBM has a 12-month low of $105.94 and a 12-month high of $154.36. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.36 and a quick ratio of 1.31. The stock has a market capitalization of $123.68 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 2.55 and a beta of 1.23.

IBM (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 16th. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.03. IBM had a net margin of 10.98% and a return on equity of 68.76%. The firm had revenue of $18.18 billion during the quarter, compared to analyst estimates of $18.53 billion. During the same quarter in the prior year, the business posted $2.45 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that IBM will post 13.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.62 per share. This is a positive change from IBM’s previous quarterly dividend of $1.57. The ex-dividend date is Thursday, May 9th. This represents a $6.48 annualized dividend and a dividend yield of 4.71%. IBM’s dividend payout ratio (DPR) is presently 45.47%.

About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

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Analyst Recommendations for IBM (NYSE:IBM)

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