International Business Machines (NYSE:IBM) Downgraded to “Hold” at DZ Bank

International Business Machines (NYSE:IBM) was downgraded by research analysts at DZ Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, FinViz reports. They currently have a $215.00 price objective on the technology company’s stock. DZ Bank’s target price would suggest a potential downside of 1.99% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Jefferies Financial Group raised their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Stifel Nicolaus increased their target price on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Finally, UBS Group boosted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $193.38.

International Business Machines Trading Down 0.8 %

Shares of IBM stock opened at $219.36 on Wednesday. The company has a market cap of $201.50 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 4.90 and a beta of 0.70. The stock has a 50 day simple moving average of $201.62 and a 200-day simple moving average of $185.54. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines has a 1-year low of $135.87 and a 1-year high of $224.15.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.18 earnings per share. On average, equities research analysts expect that International Business Machines will post 10.1 EPS for the current fiscal year.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. grew its stake in International Business Machines by 22.4% in the third quarter. Neville Rodie & Shaw Inc. now owns 50,609 shares of the technology company’s stock worth $11,189,000 after purchasing an additional 9,268 shares in the last quarter. Sage Advisors LLC grew its position in shares of International Business Machines by 3.3% in the 2nd quarter. Sage Advisors LLC now owns 4,629 shares of the technology company’s stock worth $801,000 after acquiring an additional 149 shares in the last quarter. Alternative Investment Advisors LLC. bought a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $1,790,000. Centaurus Financial Inc. lifted its stake in International Business Machines by 128.6% during the second quarter. Centaurus Financial Inc. now owns 8,558 shares of the technology company’s stock worth $1,480,000 after purchasing an additional 4,814 shares during the last quarter. Finally, Verity & Verity LLC boosted its holdings in International Business Machines by 2.7% in the second quarter. Verity & Verity LLC now owns 97,384 shares of the technology company’s stock worth $16,843,000 after purchasing an additional 2,584 shares during the period. 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.