International Business Machines (NYSE:IBM) has been assigned a $149.00 target price by Societe Generale in a research note issued on Friday. The brokerage currently has a “sell” rating on the technology company’s stock. Societe Generale’s price target would suggest a potential downside of 11.90% from the company’s current price.
A number of other research firms have also recently issued reports on IBM. UBS Group reiterated a “neutral” rating and issued a $160.00 target price (up previously from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Jefferies Group reiterated a “sell” rating and issued a $125.00 target price on shares of International Business Machines in a research report on Thursday, September 21st. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 target price on the stock in a research report on Wednesday, December 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Finally, Morgan Stanley lifted their target price on International Business Machines to $198.00 and gave the company an “overweight” rating in a research report on Friday. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $164.59.
International Business Machines (IBM) traded up $0.47 during trading on Friday, reaching $169.12. The company’s stock had a trading volume of 14,218,300 shares, compared to its average volume of 6,891,492. International Business Machines has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The company has a market capitalization of $150,750.00, a PE ratio of 14.12, a PEG ratio of 2.46 and a beta of 0.94.
Several institutional investors have recently bought and sold shares of IBM. Atria Investments LLC lifted its stake in International Business Machines by 12.3% in 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 period. Iberiabank Corp lifted its stake in International Business Machines by 10.1% in 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 period. Heritage Investors Management Corp lifted its stake 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 valued at $20,867,000 after buying an additional 496 shares during the period. New England Research & Management Inc. lifted its stake 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 valued at $1,516,000 after buying an additional 3,800 shares during the period. Finally, Lincoln Capital LLC acquired a new position in International Business Machines in the second quarter valued at approximately $259,000. 57.12% of the stock is currently 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.
