International Business Machines Corporation (IBM) Earns “Hold” Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their hold rating on shares of International Business Machines Corporation (NYSE:IBM) in a research note published on Wednesday. Royal Bank Of Canada currently has a $160.00 price objective on the technology company’s stock.

Several other equities analysts have also issued reports on the stock. UBS AG reiterated a hold rating and set a $152.00 target price on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub upgraded shares of International Business Machines Corporation from a strong sell rating to a sell rating in a report on Saturday, August 26th. Morgan Stanley reiterated an overweight rating and set a $192.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Vetr upgraded shares of International Business Machines Corporation from a hold rating to a buy rating and set a $150.68 target price for the company in a report on Monday, July 31st. Finally, Drexel Hamilton reiterated a buy rating and set a $200.00 target price on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $158.93.

Shares of International Business Machines Corporation (NYSE:IBM) opened at $148.97 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a market cap of $137,915.09, a PE ratio of 10.91, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the business posted $3.29 earnings per share. International Business Machines Corporation’s quarterly revenue was down .4% compared to the same quarter last year. equities analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio (DPR) is 50.13%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CKW Financial Group lifted its stake in shares of International Business Machines Corporation by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after buying an additional 3 shares in the last quarter. Arthur M. Cohen & Associates LLC lifted its stake in shares of International Business Machines Corporation by 0.5% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after buying an additional 7 shares in the last quarter. Milestone Group Inc. lifted its stake in shares of International Business Machines Corporation by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after buying an additional 8 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in shares of International Business Machines Corporation by 0.6% during the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after buying an additional 12 shares in the last quarter. Finally, Hugh Johnson Advisors LLC lifted its stake in shares of International Business Machines Corporation by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after buying an additional 12 shares in the last quarter. Institutional investors own 58.25% of the company’s stock.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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