JPMorgan Chase & Co. Cuts International Business Machines (NYSE:IBM) Price Target to $250.00

International Business Machines (NYSE:IBM) had its target price trimmed by JPMorgan Chase & Co. from $291.00 to $250.00 in a research report released on Friday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Other analysts also recently issued reports about the stock. Citigroup cut their price objective on shares of International Business Machines from $375.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday. Barclays began coverage on shares of International Business Machines in a research report on Monday, June 1st. They issued an “overweight” rating and a $350.00 target price for the company. HSBC set a $175.00 price target on shares of International Business Machines and gave the company a “reduce” rating in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of International Business Machines in a research report on Tuesday, June 23rd. Finally, Piper Sandler raised International Business Machines to an “overweight” rating in a report on Tuesday, June 23rd. Fifteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $292.89.

International Business Machines Price Performance

Shares of NYSE IBM opened at $212.54 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The firm has a market capitalization of $199.76 billion, a PE ratio of 18.79, a P/E/G ratio of 2.28 and a beta of 0.68. International Business Machines has a 1-year low of $204.44 and a 1-year high of $332.46. The business’s fifty day moving average price is $263.84 and its two-hundred day moving average price is $263.28.

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

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 3.2%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is currently 59.77%.

Institutional Trading of International Business Machines

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

More International Business Machines News

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.