International Business Machines Corporation (NYSE:IBM) has been assigned a $125.00 price target by research analysts at Berenberg Bank in a research note issued to investors on Wednesday. The brokerage currently has a “sell” rating on the technology company’s stock. Berenberg Bank’s target price suggests a potential downside of 22.87% from the company’s previous close.

Several other research firms have also issued reports on IBM. Vetr lowered International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $160.68 target price for the company. in a report on Thursday. Guggenheim reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Friday, July 14th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. Zacks Investment Research raised International Business Machines Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. International Business Machines Corporation has a consensus rating of “Hold” and an average price target of $157.90.

International Business Machines Corporation (NYSE IBM) traded up 0.73% on Wednesday, reaching $162.07. The company’s stock had a trading volume of 7,868,803 shares. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The firm’s 50-day moving average price is $146.97 and its 200 day moving average price is $151.34. The company has a market cap of $151.04 billion, a P/E ratio of 13.49 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 68.68% and a net margin of 14.43%. 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 $13.81 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the stock. Carnick & Kubik Group LLC purchased a new stake in shares of International Business Machines Corporation in the third quarter worth $340,000. DORCHESTER WEALTH MANAGEMENT Co raised its position in International Business Machines Corporation by 5.8% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 31,547 shares of the technology company’s stock valued at $4,577,000 after purchasing an additional 1,735 shares in the last quarter. Douglas Lane & Associates LLC raised its position in International Business Machines Corporation by 10.8% during the third quarter. Douglas Lane & Associates LLC now owns 58,094 shares of the technology company’s stock valued at $8,428,000 after purchasing an additional 5,643 shares in the last quarter. Financial Advisory Service Inc. raised its position in International Business Machines Corporation by 13.7% during the third quarter. Financial Advisory Service Inc. now owns 4,035 shares of the technology company’s stock valued at $585,000 after purchasing an additional 486 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. raised its position in International Business Machines Corporation by 4.3% during the third quarter. Honkamp Krueger Financial Services Inc. now owns 14,200 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 589 shares in the last quarter. 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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