International Business Machines (IBM) PT Set at $180.00 by Pivotal Research

International Business Machines (NYSE:IBM) has been assigned a $180.00 price target by Pivotal Research in a research report issued on Thursday. The brokerage presently has a “buy” rating on the technology company’s stock. Pivotal Research’s price objective indicates a potential upside of 10.86% from the company’s current price.

A number of other equities research analysts also recently weighed in on IBM. Jefferies Group reaffirmed a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a research report on Thursday, September 21st. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank of Canada restated a “hold” rating on shares of International Business Machines in a research report on Friday, October 13th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. International Business Machines presently has an average rating of “Hold” and an average price target of $164.51.

Shares of International Business Machines (NYSE IBM) traded down $6.75 during trading hours on Thursday, hitting $162.37. 21,110,137 shares of the company were exchanged, compared to its average volume of 5,380,000. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. International Business Machines has a twelve month low of $139.13 and a twelve month high of $182.79. The company has a market cap of $150,320.00, a P/E ratio of 13.55, a PEG ratio of 2.46 and a beta of 0.94.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 68.39%. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same quarter in the prior year, the firm earned $5.01 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts expect that International Business Machines will post 13.86 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Herndon Capital Management LLC lifted its stake in shares of International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after acquiring an additional 195 shares during the period. Edge Wealth Management LLC lifted its stake in shares of International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after acquiring an additional 40 shares during the period. ETF Managers Group LLC acquired a new stake in International Business Machines during the second quarter valued at approximately $121,000. Horan Capital Advisors LLC. acquired a new stake in International Business Machines during the third quarter valued at approximately $136,000. Finally, Peddock Capital Advisors LLC lifted its stake in International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the last quarter. 57.12% of the stock is owned by institutional investors.

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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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