International Business Machines (NYSE:IBM)‘s stock had its “buy” rating restated by research analysts at Tigress Financial in a research note issued on Friday.

Several other research firms have also recently issued reports on IBM. Berenberg Bank set a $125.00 price objective on International Business Machines and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Vetr cut International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price objective for the company. in a research report on Thursday, October 19th. Pivotal Research began coverage on International Business Machines in a research report on Friday, October 27th. They issued a “buy” rating and a $180.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of International Business Machines in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $160.00 target price on shares of International Business Machines in a report on Wednesday, November 15th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $159.12.

International Business Machines (NYSE IBM) traded up $0.79 during trading hours on Friday, reaching $154.76. The company’s stock had a trading volume of 5,567,598 shares, compared to its average volume of 4,258,424. The stock has a market capitalization of $143,280.00, a PE ratio of 11.16, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. International Business Machines has a 1 year low of $139.13 and a 1 year high of $182.79.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 earnings per share. sell-side analysts anticipate that International Business Machines will post 13.8 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale boosted its stake in International Business Machines by 70.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after buying an additional 267,588 shares during the last quarter. Grisanti Capital Management LLC boosted its stake in International Business Machines by 2.0% in the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after buying an additional 20 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in International Business Machines by 5.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 53,060 shares of the technology company’s stock worth $9,240,000 after buying an additional 2,970 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in International Business Machines by 89.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 27,443 shares of the technology company’s stock worth $4,779,000 after buying an additional 12,928 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in International Business Machines by 7.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 13,052 shares of the technology company’s stock worth $2,273,000 after buying an additional 954 shares during the last quarter. 57.31% of the stock is currently owned by institutional investors and hedge funds.

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International Business Machines 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.

Analyst Recommendations for International Business Machines (NYSE:IBM)

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