International Business Machines (IBM) Stock Rating Reaffirmed by Cantor Fitzgerald

International Business Machines (NYSE:IBM)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Friday. They presently have a $152.00 price target on the technology company’s stock. Cantor Fitzgerald’s price target indicates a potential downside of 6.39% from the company’s previous close.

A number of other research firms have also recently weighed in on IBM. Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 price target on shares of International Business Machines in a report on Friday. Societe Generale set a $149.00 price target on International Business Machines and gave the company a “sell” rating in a report on Friday. JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the company a “neutral” rating in a report on Friday. Goldman Sachs Group set a $170.00 price target on International Business Machines and gave the company a “neutral” rating in a report on Friday. Finally, Bank of America reaffirmed a “buy” rating and set a $200.00 price target on shares of International Business Machines in a report on Friday. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company. International Business Machines presently has an average rating of “Hold” and an average target price of $164.51.

Shares of International Business Machines (IBM) traded down $6.75 during midday trading on Friday, reaching $162.37. 21,169,308 shares of the company’s stock were exchanged, compared to its average volume of 5,380,000. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a market capitalization of $150,320.00, a PE ratio of 13.55, a P/E/G ratio of 2.46 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter last year, the company posted $5.01 earnings per share. International Business Machines’s revenue was up 3.6% on a year-over-year basis. research analysts anticipate that International Business Machines will post 13.79 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of IBM. Vanguard Group Inc. grew its position in International Business Machines by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB grew its position in International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after purchasing an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC grew its position in International Business Machines by 1,155.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after purchasing an additional 1,249,916 shares in the last quarter. BlackRock Inc. grew its position in International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares in the last quarter. Finally, Stifel Financial Corp grew its position in International Business Machines by 9,678.2% during the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after purchasing an additional 807,553 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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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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