International Business Machines Corporation (NYSE:IBM)‘s stock had its “buy” rating restated by analysts at Drexel Hamilton in a report issued on Tuesday. They currently have a $200.00 price objective on the technology company’s stock. Drexel Hamilton’s price target suggests a potential upside of 36.48% from the stock’s previous close.

A number of other brokerages also recently commented on IBM. Credit Suisse Group reissued an “underperform” rating and set a $110.00 price objective (down from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. UBS AG reaffirmed a “neutral” rating and issued a $159.00 price target (down from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “sell” rating and issued a $125.00 price target on shares of International Business Machines Corporation in a report on Thursday, September 21st. Vetr lowered International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price target for the company. in a report on Monday, July 24th. Finally, Berenberg Bank reissued a “sell” rating and set a $125.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. International Business Machines Corporation has an average rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation (NYSE IBM) traded down 0.20% during midday trading on Tuesday, hitting $146.54. The stock had a trading volume of 6,372,393 shares. The company’s 50 day moving average price is $145.27 and its 200-day moving average price is $151.70. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a market capitalization of $136.57 billion, a price-to-earnings ratio of 12.16 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.29 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post $13.75 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Bonness Enterprises Inc. lifted its stake in shares of International Business Machines Corporation by 28.0% during the third quarter. Bonness Enterprises Inc. now owns 29,464 shares of the technology company’s stock worth $4,274,000 after buying an additional 6,450 shares during the period. Fulton Bank N.A. lifted its stake in shares of International Business Machines Corporation by 7.8% during the third quarter. Fulton Bank N.A. now owns 21,612 shares of the technology company’s stock worth $3,136,000 after buying an additional 1,555 shares during the period. Beacon Financial Group lifted its stake in shares of International Business Machines Corporation by 40.7% during the third quarter. Beacon Financial Group now owns 6,917 shares of the technology company’s stock worth $1,004,000 after buying an additional 2,000 shares during the period. Curbstone Financial Management Corp lifted its stake in shares of International Business Machines Corporation by 93.5% during the third quarter. Curbstone Financial Management Corp now owns 10,386 shares of the technology company’s stock worth $1,507,000 after buying an additional 5,018 shares during the period. Finally, Park National Corp OH lifted its stake in shares of International Business Machines Corporation by 3.6% during the third quarter. Park National Corp OH now owns 224,540 shares of the technology company’s stock worth $32,576,000 after buying an additional 7,756 shares during the period. Institutional investors own 57.84% 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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