Jefferies Financial Group Increases International Business Machines (NYSE:IBM) Price Target to $245.00

International Business Machines (NYSE:IBM) had its target price hoisted by Jefferies Financial Group from $200.00 to $245.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price target points to a potential upside of 5.49% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley increased their price objective on International Business Machines from $182.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Bank of America increased their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $205.71.

International Business Machines Trading Up 0.2 %

Shares of NYSE IBM opened at $232.25 on Monday. International Business Machines has a 12 month low of $135.87 and a 12 month high of $237.37. The company has a market cap of $213.35 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 5.21 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a fifty day simple moving average of $213.86 and a 200-day simple moving average of $189.75.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.18 EPS. Sell-side analysts predict that International Business Machines will post 10.1 EPS for the current year.

Institutional Trading of International Business Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $36,000. Wolff Wiese Magana LLC grew its holdings in shares of International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after purchasing an additional 60 shares in the last quarter. Finally, Briaud Financial Planning Inc grew its holdings in shares of International Business Machines by 54.3% during the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

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.