International Business Machines Corporation (NYSE:IBM)‘s stock had its “sector perform” rating restated by Royal Bank Of Canada in a note issued to investors on Friday. They currently have a $160.00 price target on the technology company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 14.53% from the stock’s current price.

Several other research firms also recently weighed in on IBM. TheStreet downgraded shares of International Business Machines Corporation to a “hold” rating in a research report on Friday, April 21st. Zacks Investment Research downgraded shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Wells Fargo & Company reissued a “market perform” rating and set a $162.50 target price on shares of International Business Machines Corporation in a research report on Tuesday, April 25th. Drexel Hamilton reissued a “buy” rating and set a $200.00 target price (down previously from $215.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Finally, Barclays PLC reissued an “underweight” rating and set a $141.00 target price (down previously from $144.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the company. International Business Machines Corporation currently has a consensus rating of “Hold” and an average price target of $157.40.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.71% on Friday, hitting $139.70. 4,152,714 shares of the stock traded hands. The stock’s 50 day moving average price is $147.30 and its 200 day moving average price is $161.22. The stock has a market cap of $130.19 billion, a P/E ratio of 11.59 and a beta of 0.97. International Business Machines Corporation has a 52-week low of $139.58 and a 52-week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. International Business Machines Corporation’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.95 EPS. On average, equities analysts expect that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in IBM. Pinnacle Bank purchased a new position in International Business Machines Corporation during the first quarter worth $1,416,000. Nadler Financial Group Inc. raised its position in International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock worth $452,000 after buying an additional 320 shares during the period. NewSquare Capital LLC raised its position in International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock worth $1,132,000 after buying an additional 782 shares during the period. First Command Financial Services Inc. raised its position in International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock worth $1,196,000 after buying an additional 389 shares during the period. Finally, Barry Investment Advisors LLC raised its position in International Business Machines Corporation by 8.4% in the first quarter. Barry Investment Advisors LLC now owns 3,181 shares of the technology company’s stock worth $554,000 after buying an additional 247 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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