International Business Machines Corporation (NYSE:IBM) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday. The firm currently has a $165.26 target price on the technology company’s stock. Vetr‘s target price indicates a potential upside of 12.35% from the stock’s current price.

A number of other brokerages have also issued reports on IBM. UBS AG restated a “neutral” rating and issued a $160.00 target price (up from $152.00) on shares of International Business Machines Corporation in a research note on Wednesday, October 18th. Jefferies Group LLC restated a “sell” rating and issued a $125.00 target price on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Berenberg Bank restated a “sell” rating and issued a $125.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Cantor Fitzgerald restated a “hold” rating and issued a $154.00 target price on shares of International Business Machines Corporation in a research note on Friday, October 13th. Finally, Wedbush reiterated a “neutral” rating and set a $155.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $158.93.

International Business Machines Corporation (NYSE:IBM) traded down $1.79 during mid-day trading on Wednesday, hitting $147.10. The stock had a trading volume of 4,773,100 shares, compared to its average volume of 4,250,120. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $136,020.00, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94.

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 Zacks’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. sell-side analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current year.

International Business Machines Corporation declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 31st that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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Large investors have recently modified their holdings of the stock. Crow Point Partners increased its stake in International Business Machines Corporation by 24.2% in the 3rd quarter. Crow Point Partners now owns 205 shares of the technology company’s stock valued at $30,000 after buying an additional 40 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in shares of International Business Machines Corporation in the 2nd quarter valued at about $107,000. Herndon Capital Management LLC grew its position in shares of 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 acquiring an additional 195 shares during the period. Massey Quick & Co. LLC bought a new position in shares of International Business Machines Corporation in the 4th quarter valued at about $108,000. Finally, Kernodle & Katon Asset Management Group LLC grew its position in shares of International Business Machines Corporation by 5.2% in the 3rd quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock valued at $109,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 58.25% 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.

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

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