International Business Machines (NYSE:IBM) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Wednesday. The firm currently has a $173.45 price objective on the technology company’s stock. Vetr‘s price objective suggests a potential upside of 12.56% from the stock’s previous close.

A number of other brokerages have also recently commented on IBM. UBS restated a “neutral” rating and issued a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Jefferies Group restated a “sell” rating and issued a $125.00 price target on shares of International Business Machines in a research report on Thursday, September 21st. Cantor Fitzgerald restated a “hold” rating and issued a $154.00 price target on shares of International Business Machines in a research report on Friday, October 13th. Wedbush restated a “neutral” rating and issued a $155.00 price target on shares of International Business Machines in a research report on Wednesday, August 9th. Finally, ValuEngine cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $159.24.

Shares of International Business Machines (NYSE IBM) traded down $1.25 on Wednesday, reaching $154.10. The company’s stock had a trading volume of 3,410,514 shares, compared to its average volume of 4,259,958. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a market capitalization of $144,849.33, a PE ratio of 11.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. International Business Machines has a fifty-two week low of $139.13 and a fifty-two week high of $182.79.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The business 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%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.29 earnings per share. equities research analysts forecast that International Business Machines will post 13.8 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in International Business Machines during the 3rd quarter valued at approximately $4,855,000. Coastline Trust Co lifted its stake in shares of International Business Machines by 8.9% in the 3rd quarter. Coastline Trust Co now owns 16,353 shares of the technology company’s stock valued at $2,373,000 after purchasing an additional 1,340 shares during the last quarter. Truepoint Inc. lifted its stake in shares of International Business Machines by 14,198.1% in the 3rd quarter. Truepoint Inc. now owns 499,003 shares of the technology company’s stock valued at $499,000 after purchasing an additional 495,513 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $789,000. Finally, Archford Capital Strategies LLC lifted its stake in shares of International Business Machines by 6.0% in the 3rd quarter. Archford Capital Strategies LLC now owns 13,954 shares of the technology company’s stock valued at $2,024,000 after purchasing an additional 794 shares during the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for International Business Machines (NYSE:IBM)

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