International Business Machines Corporation (NYSE:IBM) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

IBM has been the subject of a number of other research reports. Jefferies Group LLC set a $135.00 target price on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Friday, May 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price for the company in a report on Monday, July 3rd. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $110.00 target price (down previously from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $157.12.

Shares of International Business Machines Corporation (IBM) traded down 0.49% during trading on Friday, reaching $144.82. The company had a trading volume of 7,397,233 shares. The company has a market cap of $134.96 billion, a P/E ratio of 12.02 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The firm has a 50-day moving average of $143.19 and a 200-day moving average of $156.45.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.95 earnings per share. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.76 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Herndon Capital Management LLC grew its stake in International Business Machines Corporation by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the last quarter. Edge Wealth Management LLC grew its stake in International Business Machines Corporation by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the last quarter. ETF Managers Group LLC acquired a new position in International Business Machines Corporation in the 2nd quarter valued at about $121,000. Peddock Capital Advisors LLC grew its stake in International Business Machines Corporation by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the last quarter. Finally, Horan Securities Inc. grew its stake in International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares during the last quarter. Institutional investors and hedge funds own 57.94% of the company’s stock.

International Business Machines Corporation Company Profile

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.

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

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