International Business Machines (NYSE:IBM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

International Business Machines (NYSE:IBM) had its target price lifted by Jefferies Financial Group from $245.00 to $270.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 4.56% from the company’s current price.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group boosted their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Morgan Stanley upped their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $225.53.

International Business Machines Trading Up 12.9 %

International Business Machines stock traded up $29.59 during mid-day trading on Thursday, hitting $258.22. The company’s stock had a trading volume of 15,347,853 shares, compared to its average volume of 4,482,261. The business has a 50 day moving average price of $225.24 and a 200-day moving average price of $213.55. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines has a 12 month low of $162.62 and a 12 month high of $261.80. The stock has a market cap of $238.76 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. As a group, analysts forecast that International Business Machines will post 10.16 EPS for the current year.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of International Business Machines during the fourth quarter worth approximately $26,000. Hazlett Burt & Watson Inc. raised its holdings in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares in the last quarter. Hara Capital LLC purchased a new stake in International Business Machines in the third quarter worth about $29,000. Avondale Wealth Management grew its holdings in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after acquiring an additional 56 shares in the last quarter. Finally, Valued Wealth Advisors LLC increased its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors 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.