International Business Machines (NYSE:IBM) received a $152.00 price target from equities research analysts at Societe Generale in a report released on Friday. The firm presently has a “sell” rating on the technology company’s stock. Societe Generale’s target price would indicate a potential downside of 6.83% from the stock’s current price.
Several other equities research analysts have also issued reports on IBM. BMO Capital Markets reissued a “hold” rating and set a $175.00 target price on shares of International Business Machines in a research note on Thursday. They noted that the move was a valuation call. Oppenheimer restated a “hold” rating on shares of International Business Machines in a research report on Wednesday, October 18th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Royal Bank of Canada upgraded shares of International Business Machines from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $160.00 to $180.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Cantor Fitzgerald restated a “hold” rating and set a $154.00 price target on shares of International Business Machines in a research report on Friday, October 13th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $159.90.
International Business Machines (NYSE:IBM) traded down $1.06 during mid-day trading on Friday, hitting $163.14. 5,029,835 shares of the stock traded hands, compared to its average volume of 4,810,000. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines has a twelve month low of $139.13 and a twelve month high of $182.79. The stock has a market cap of $151,030.00, a price-to-earnings ratio of 13.62, a P/E/G ratio of 2.38 and a beta of 0.94.
Several large investors have recently bought and sold shares of the stock. Private Capital Advisors Inc. boosted its position in shares of International Business Machines by 139.1% during the 4th quarter. Private Capital Advisors Inc. now owns 5,140 shares of the technology company’s stock worth $789,000 after purchasing an additional 2,990 shares during the period. Hexavest Inc. boosted its position in shares of International Business Machines by 130.7% during the 4th quarter. Hexavest Inc. now owns 700,591 shares of the technology company’s stock worth $107,485,000 after purchasing an additional 396,860 shares during the period. Hikari Power Ltd boosted its position in shares of International Business Machines by 1.4% during the 4th quarter. Hikari Power Ltd now owns 304,500 shares of the technology company’s stock worth $46,716,000 after purchasing an additional 4,300 shares during the period. Sawyer & Company Inc purchased a new position in shares of International Business Machines during the 4th quarter worth approximately $2,019,000. Finally, American National Bank boosted its position in shares of International Business Machines by 155.9% during the 4th quarter. American National Bank now owns 3,864 shares of the technology company’s stock worth $593,000 after purchasing an additional 2,354 shares during the period. 57.11% of the stock is owned by hedge funds and other institutional investors.
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.
