International Business Machines Corp. Given Average Rating of “Hold” by Brokerages (NYSE:IBM)
International Business Machines Corp. (NYSE:IBM) has received an average rating of “Hold” from the twenty-four brokerages that are presently covering the company, StockRatingsNetwork.com reports. Two analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $197.67.
A number of research firms have recently commented on IBM. Analysts at Barclays reiterated an “equal weight” rating on shares of International Business Machines Corp. in a research note on Friday. They now have a $180.00 price target on the stock, up previously from $173.00. Separately, analysts at Societe Generale downgraded shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research note on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of International Business Machines Corp. in a research note on Thursday, May 22nd. They now have a $196.00 price target on the stock.
Shares of International Business Machines Corp. (NYSE:IBM) traded down 1.41% during mid-day trading on Monday, hitting $189.7904. 1,558,910 shares of the company’s stock traded hands. International Business Machines Corp. has a 52-week low of $172.19 and a 52-week high of $199.21. The stock’s 50-day moving average is $185. and its 200-day moving average is $186.. The company has a market cap of $189.4 billion and a price-to-earnings ratio of 12.14.
International Business Machines Corp. (NYSE:IBM) last released its earnings data on Thursday, July 17th. The company reported $4.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.29 by $0.03. The company had revenue of $24.36 billion for the quarter, compared to the consensus estimate of $24.13 billion. During the same quarter in the prior year, the company posted $3.22 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that International Business Machines Corp. will post $17.90 EPS for the current fiscal year.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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