Royal Bank Of Canada Reaffirms “Outperform” Rating for International Business Machines (NYSE:IBM)

International Business Machines (NYSE:IBM)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report released on Tuesday, Benzinga reports. They presently have a $270.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 16.49% from the company’s previous close.

Several other analysts have also issued reports on the company. Bank of America dropped their target price on International Business Machines from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Barclays dropped their target price on International Business Machines from $288.00 to $262.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Susquehanna upped their target price on International Business Machines from $225.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, August 31st. Truist Financial assumed coverage on International Business Machines in a research note on Friday. They issued a “hold” rating and a $240.00 price objective on the stock. Finally, Argus dropped their price objective on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $252.96.

International Business Machines Stock Up 2.1%

IBM traded up $4.76 on Tuesday, hitting $231.78. 1,463,616 shares of the company were exchanged, compared to its average volume of 7,481,354. International Business Machines has a 12 month low of $199.19 and a 12 month high of $332.46. The company has a market cap of $218.36 billion, a PE ratio of 20.52, a PEG ratio of 2.16 and a beta of 0.73. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The stock’s fifty day moving average is $232.30 and its 200-day moving average is $243.84.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the prior year, the company posted $2.80 earnings per share. International Business Machines’s revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that International Business Machines will post 12.33 EPS for the current fiscal year.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Business Machines

A number of large investors have recently made changes to their positions in IBM. Portus Wealth Advisors LLC bought a new position in shares of International Business Machines during the first quarter worth approximately $26,000. Harborfront Financial Group LLC bought a new position in shares of International Business Machines during the second quarter worth approximately $27,000. Hara Capital LLC bought a new position in shares of International Business Machines during the second quarter worth approximately $28,000. Bare Financial Services Inc increased its stake in shares of International Business Machines by 114.6% during the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock worth $29,000 after purchasing an additional 55 shares during the period. Finally, Caitlin John LLC bought a new position in shares of International Business Machines during the second quarter worth approximately $35,000. Institutional investors own 58.96% of the company’s stock.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM and IonQ advanced to Stage C of DARPA’s Quantum Benchmarking Initiative. The development validates IBM’s quantum-computing efforts and could improve its positioning in a strategic growth market. However, IonQ was described as the current leader in accuracy, so the benefit to IBM remains competitive rather than decisive. DARPA Just Revealed the 2 Best Quantum Computing Stocks to Buy Now
• Positive Sentiment: The Pentagon’s roughly $350 million quantum initiative highlights potential long-term demand for quantum-computing providers, including IBM. Government backing may strengthen IBM’s research partnerships and commercial credibility, although the articles do not indicate how much funding, if any, will flow directly to IBM. The Pentagon’s $350 Million Quantum Push
• Neutral Sentiment: IBM was included in several analyst and technology-stock roundups, including comparisons with TSMC and Manhattan Associates and coverage of high-dividend technology stocks. These reports provide visibility but offer no significant new earnings catalyst. Analysts Offer Insights on Technology Companies
• Neutral Sentiment: Articles noted that IBM unveiled new quantum-computing tools and remains an active industry participant. The updates support IBM’s long-term innovation narrative, but their impact on revenue and profitability is not yet clear. Quantum Computing News
• Negative Sentiment: Truist Securities initiated coverage of IBM with a “Hold” rating. The neutral stance may limit upside expectations and signals that the stock’s valuation and established-business growth profile may already reflect much of its near-term potential. Truist Securities Initiates Coverage of IBM at Hold

International Business Machines Company Profile

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.