International Business Machines (NYSE:IBM) received a $167.00 price target from analysts at JPMorgan Chase & Co. in a research report issued on Friday. The brokerage currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 1.25% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. UBS Group reiterated a “neutral” rating and issued a $160.00 price objective (up from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Jefferies Group reiterated a “sell” rating and issued a $125.00 price objective on shares of International Business Machines in a report on Thursday, September 21st. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective for the company in a report on Wednesday, December 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a report on Friday, October 13th. Finally, Morgan Stanley upped their price objective on shares of International Business Machines to $198.00 and gave the stock an “overweight” rating in a report on Friday. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $164.70.
International Business Machines (NYSE:IBM) opened at $169.12 on Friday. 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 fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a market cap of $151,690.00, a price-to-earnings ratio of 14.12, a PEG ratio of 2.46 and a beta of 0.94.
Several institutional investors and hedge funds have recently made changes to their positions in IBM. Atria Investments LLC raised its position in shares of International Business Machines by 12.3% during the second quarter. Atria Investments LLC now owns 22,650 shares of the technology company’s stock valued at $3,484,000 after buying an additional 2,475 shares during the last quarter. Iberiabank Corp raised its position in shares of International Business Machines by 10.1% during the second quarter. Iberiabank Corp now owns 1,618 shares of the technology company’s stock valued at $249,000 after buying an additional 149 shares during the last quarter. Heritage Investors Management Corp raised its position in International Business Machines by 0.4% in the second quarter. Heritage Investors Management Corp now owns 135,650 shares of the technology company’s stock worth $20,867,000 after purchasing an additional 496 shares in the last quarter. New England Research & Management Inc. raised its position in International Business Machines by 62.8% in the second quarter. New England Research & Management Inc. now owns 9,853 shares of the technology company’s stock worth $1,516,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Lincoln Capital LLC acquired a new position in International Business Machines in the second quarter worth about $259,000. 57.12% of the stock is owned by institutional investors and hedge funds.
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.
