BMO Capital Markets Lowers International Business Machines (NYSE:IBM) Price Target to $190.00

International Business Machines (NYSE:IBM) had its price target decreased by investment analysts at BMO Capital Markets from $210.00 to $190.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ target price suggests a potential upside of 13.64% from the stock’s current price.

A number of other brokerages have also weighed in on IBM. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Wedbush lifted their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday. Jefferies Financial Group decreased their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday. Societe Generale reiterated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Finally, Royal Bank of Canada lifted their price target on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $184.08.

International Business Machines Price Performance

Shares of IBM stock opened at $167.20 on Thursday. International Business Machines has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13. The firm has a market capitalization of $153.28 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.33 and a beta of 0.70. The stock has a 50 day moving average price of $187.60 and a 200 day moving average price of $170.15.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. International Business Machines’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 EPS. As a group, sell-side analysts predict that International Business Machines will post 9.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBM. Desjardins Global Asset Management Inc. grew its stake in International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares during the last quarter. Arden Trust Co grew its stake in International Business Machines by 2.8% during the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after purchasing an additional 54 shares during the last quarter. Calamos Wealth Management LLC grew its stake in International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after purchasing an additional 55 shares during the last quarter. Avion Wealth grew its stake in International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of International Business Machines by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after buying an additional 58 shares during the period. 58.96% of the stock is currently 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.