International Business Machines (IBM) Stock Rating Reaffirmed by Wedbush

International Business Machines (NYSE:IBM)‘s stock had its “neutral” rating reissued by analysts at Wedbush in a report released on Thursday, The Fly reports. They presently have a $185.00 price objective on the technology company’s stock, up from their prior price objective of $155.00. Wedbush’s price objective suggests a potential upside of 13.94% from the company’s previous close. Wedbush also issued estimates for International Business Machines’ Q4 2017 earnings at $5.17 EPS, Q4 2018 earnings at $5.14 EPS, FY2018 earnings at $13.92 EPS, Q4 2019 earnings at $5.28 EPS and FY2019 earnings at $14.35 EPS. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised International Business Machines from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. 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, January 11th. They noted that the move was a valuation call. UBS Group reissued a “neutral” rating and set a $160.00 target price (up from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Drexel Hamilton reissued a “buy” rating and set a $200.00 target price on shares of International Business Machines in a research note on Tuesday, October 17th. Finally, ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $164.09.

International Business Machines (NYSE IBM) traded down $6.75 on Thursday, hitting $162.37. The stock had a trading volume of 21,079,530 shares, compared to its average volume of 5,910,000. 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 52-week low of $139.13 and a 52-week high of $182.79. The stock has a market capitalization of $150,320.00, a PE ratio of 26.57, a PEG ratio of 2.37 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 68.39% and a net margin of 7.27%. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same period in the previous year, the firm earned $5.01 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. analysts forecast that International Business Machines will post 13.83 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Private Capital Management Inc. boosted its holdings in International Business Machines by 71.3% in the third quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock worth $497,000 after acquiring an additional 1,425 shares in the last quarter. Convergence Investment Partners LLC boosted its holdings in International Business Machines by 3.2% in the second quarter. Convergence Investment Partners LLC now owns 16,170 shares of the technology company’s stock worth $2,488,000 after acquiring an additional 504 shares in the last quarter. Hourglass Capital LLC boosted its holdings in International Business Machines by 83.5% in the second quarter. Hourglass Capital LLC now owns 51,680 shares of the technology company’s stock worth $7,950,000 after acquiring an additional 23,510 shares in the last quarter. Flippin Bruce & Porter Inc. raised its stake in shares of International Business Machines by 6.2% in the second quarter. Flippin Bruce & Porter Inc. now owns 85,378 shares of the technology company’s stock worth $13,134,000 after purchasing an additional 4,956 shares during the last quarter. Finally, Intl Fcstone Inc. purchased a new position in shares of International Business Machines in the second quarter worth $1,116,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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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.

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