International Business Machines Corp. (NYSE:IBM) has earned a consensus rating of “Hold” from the thirty-six research firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $159.90.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and set a $175.00 price target on shares of International Business Machines in a report on Thursday. They noted that the move was a valuation call. Societe Generale set a $152.00 price target on shares of International Business Machines and gave the stock a “sell” rating in a report on Friday. UBS Group restated a “neutral” rating and set a $160.00 price target (up from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Finally, Drexel Hamilton restated a “buy” rating and set a $200.00 price target on shares of International Business Machines in a report on Tuesday, October 17th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CKW Financial Group raised its position in shares of International Business Machines by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after purchasing an additional 3 shares during the period. Milestone Group Inc. raised its position in shares of International Business Machines by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after purchasing an additional 8 shares during the period. Hugh Johnson Advisors LLC raised its position in shares of International Business Machines by 0.9% in the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after purchasing an additional 12 shares during the period. Anchor Capital Advisors LLC raised its position in shares of International Business Machines by 0.9% in the second quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock valued at $239,000 after purchasing an additional 14 shares during the period. Finally, Rench Wealth Management Inc. raised its position in shares of International Business Machines by 1.0% in the second quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock valued at $229,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

International Business Machines (IBM) traded down $1.06 during trading hours on Monday, 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 current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $151,030.00, a P/E ratio of 13.62, a PEG ratio of 2.38 and a beta of 0.94. International Business Machines has a one year low of $139.13 and a one year high of $182.79.

International Business Machines (NYSE:IBM) last posted its earnings results 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 company had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.29 earnings per share. equities research analysts predict that International Business Machines will post 13.79 earnings per share for the current year.

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About International Business Machines

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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