International Business Machines (NYSE:IBM) Stock Rating Lowered by Wall Street Zen

International Business Machines (NYSE:IBM) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Oppenheimer downgraded shares of International Business Machines from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. Weiss Ratings downgraded shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Bank of America increased their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Morgan Stanley raised their target price on shares of International Business Machines from $267.00 to $293.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, Barclays started coverage on shares of International Business Machines in a research report on Monday, June 1st. They set an “overweight” rating and a $350.00 target price for the company. Fifteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.89.

International Business Machines Stock Down 0.1%

International Business Machines stock opened at $212.54 on Friday. The business’s 50-day simple moving average is $263.84 and its two-hundred day simple moving average is $263.28. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The company has a market cap of $199.76 billion, a PE ratio of 18.79, a PEG ratio of 2.28 and a beta of 0.68. International Business Machines has a fifty-two week low of $204.44 and a fifty-two week high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same period last year, the business posted $1.60 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts anticipate that International Business Machines will post 12.28 EPS for the current year.

Hedge Funds Weigh In On International Business Machines

Institutional investors have recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new position in International Business Machines in the fourth quarter valued at $25,000. Family CFO Inc acquired a new position in shares of International Business Machines in the fourth quarter worth about $25,000. Joseph Group Capital Management purchased a new stake in shares of International Business Machines during the 4th quarter worth about $28,000. Cornerstone Financial Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC acquired a new stake in shares of International Business Machines during the 3rd quarter valued at about $28,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.