International Business Machines (NYSE:IBM) Coverage Initiated by Analysts at BNP Paribas

BNP Paribas assumed coverage on shares of International Business Machines (NYSE:IBM) in a note issued to investors on Thursday, Briefing.com reports. The firm set an “underperform” rating and a $145.00 price target on the technology company’s stock. BNP Paribas’ target price suggests a potential downside of 11.78% from the company’s current price.

A number of other analysts also recently commented on IBM. Royal Bank of Canada raised their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Sanford C. Bernstein increased their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Societe Generale reaffirmed a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $181.29.

International Business Machines Price Performance

NYSE IBM opened at $164.36 on Thursday. The stock has a market capitalization of $150.68 billion, a PE ratio of 18.61, a P/E/G ratio of 4.08 and a beta of 0.74. The stock has a 50-day simple moving average of $186.54 and a 200 day simple moving average of $170.87. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter last year, the company posted $1.36 earnings per share. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. Research analysts anticipate that International Business Machines will post 9.94 EPS for the current year.

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. Lewis Asset Management LLC boosted its stake in shares of International Business Machines by 12.7% in the 1st quarter. Lewis Asset Management LLC now owns 3,034 shares of the technology company’s stock valued at $579,000 after purchasing an additional 343 shares during the last quarter. Hunter Associates Investment Management LLC lifted its holdings in International Business Machines by 2.8% in the first quarter. Hunter Associates Investment Management LLC now owns 10,551 shares of the technology company’s stock valued at $2,012,000 after buying an additional 285 shares during the period. Palisade Asset Management LLC boosted its stake in International Business Machines by 1.0% in the first quarter. Palisade Asset Management LLC now owns 107,565 shares of the technology company’s stock valued at $20,541,000 after acquiring an additional 1,116 shares during the last quarter. Schulhoff & Co. Inc. grew its holdings in International Business Machines by 0.9% during the 1st quarter. Schulhoff & Co. Inc. now owns 10,619 shares of the technology company’s stock worth $2,028,000 after acquiring an additional 95 shares during the period. Finally, PDS Planning Inc raised its position in shares of International Business Machines by 4.8% during the 1st quarter. PDS Planning Inc now owns 3,880 shares of the technology company’s stock valued at $741,000 after acquiring an additional 176 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

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.