International Business Machines Corporation (NYSE:IBM)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a research note issued to investors on Friday. They currently have a $182.00 price target on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 24.25% from the stock’s current price.

Several other analysts have also recently issued reports on IBM. ValuEngine raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Monday. Wedbush reaffirmed a “neutral” rating and issued a $155.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $160.00 price target on shares of International Business Machines Corporation in a report on Friday, August 18th. Vetr cut shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price target on the stock. in a report on Monday, August 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. International Business Machines Corporation has a consensus rating of “Hold” and an average price target of $157.12.

Shares of International Business Machines Corporation (IBM) traded down 0.16% during midday trading on Friday, hitting $146.48. 2,620,751 shares of the company’s stock were exchanged. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The stock has a market cap of $136.51 billion, a PE ratio of 12.16 and a beta of 0.95. The stock’s 50 day moving average is $144.16 and its 200-day moving average is $153.18.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the previous year, the company posted $2.95 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts predict that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bonness Enterprises Inc. lifted its holdings in International Business Machines Corporation by 28.0% in the 3rd quarter. Bonness Enterprises Inc. now owns 29,464 shares of the technology company’s stock valued at $4,274,000 after acquiring an additional 6,450 shares during the last quarter. Fulton Bank N.A. lifted its holdings in International Business Machines Corporation by 7.8% in the 3rd quarter. Fulton Bank N.A. now owns 21,612 shares of the technology company’s stock valued at $3,136,000 after acquiring an additional 1,555 shares during the last quarter. Beacon Financial Group lifted its holdings in International Business Machines Corporation by 40.7% in the 3rd quarter. Beacon Financial Group now owns 6,917 shares of the technology company’s stock valued at $1,004,000 after acquiring an additional 2,000 shares during the last quarter. Curbstone Financial Management Corp lifted its holdings in International Business Machines Corporation by 93.5% in the 3rd quarter. Curbstone Financial Management Corp now owns 10,386 shares of the technology company’s stock valued at $1,507,000 after acquiring an additional 5,018 shares during the last quarter. Finally, Park National Corp OH lifted its holdings in International Business Machines Corporation by 3.6% in the 3rd quarter. Park National Corp OH now owns 224,540 shares of the technology company’s stock valued at $32,576,000 after acquiring an additional 7,756 shares during the last quarter. Hedge funds and other institutional investors own 57.88% 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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