International Business Machines Corp. (NYSE:IBM)‘s stock had its “sell” rating reiterated by research analysts at Jefferies Group LLC in a note issued to investors on Wednesday. They currently have a $135.00 target price on the technology company’s stock, down from their prior target price of $145.00. Jefferies Group LLC’s price target would indicate a potential downside of 16.82% from the company’s previous close.

A number of other equities analysts have also commented on IBM. Cantor Fitzgerald reissued a “hold” rating and issued a $166.00 price objective on shares of International Business Machines Corp. in a research note on Thursday, April 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price objective on shares of International Business Machines Corp. in a research note on Tuesday, April 11th. Vetr lowered International Business Machines Corp. from a “sell” rating to a “strong sell” rating and set a $152.23 price objective on the stock. in a research note on Monday. Citigroup Inc reissued a “neutral” rating on shares of International Business Machines Corp. in a research note on Friday, January 20th. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of International Business Machines Corp. in a research note on Saturday, January 21st. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. International Business Machines Corp. presently has an average rating of “Hold” and a consensus target price of $166.83.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

International Business Machines Corp. (NYSE:IBM) traded up 0.38% during trading on Wednesday, hitting $162.30. The stock had a trading volume of 6,486,767 shares. The company’s 50-day moving average is $174.66 and its 200 day moving average is $167.62. International Business Machines Corp. has a 52 week low of $142.50 and a 52 week high of $182.79. The firm has a market cap of $153.08 billion, a PE ratio of 13.11 and a beta of 0.96. International Business Machines Corp. also was the target of some unusual options trading on Tuesday. Investors bought 3,300 call options on the stock. This is an increase of approximately 315% compared to the average volume of 795 call options.

International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.37 billion. International Business Machines Corp. had a return on equity of 78.32% and a net margin of 14.85%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 earnings per share. Equities analysts expect that International Business Machines Corp. will post $13.78 EPS for the current fiscal year.

WARNING: This story was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at http://www.watchlistnews.com/international-business-machines-corp-ibm-given-sell-rating-at-jefferies-group-llc/1205011.html.

In other International Business Machines Corp. news, insider James J. Kavanaugh sold 559 shares of International Business Machines Corp. stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $178.31, for a total transaction of $99,675.29. Following the transaction, the insider now directly owns 29,856 shares of the company’s stock, valued at approximately $5,323,623.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Diane J. Gherson sold 5,000 shares of International Business Machines Corp. stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $179.18, for a total value of $895,900.00. Following the transaction, the insider now directly owns 20,952 shares in the company, valued at $3,754,179.36. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Massey Quick & Co. LLC purchased a new position in International Business Machines Corp. during the fourth quarter valued at $108,000. Kernodle & Katon Asset Management Group LLC boosted its position in International Business Machines Corp. by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock valued at $109,000 after buying an additional 34 shares during the last quarter. Hemenway Trust Co LLC purchased a new position in International Business Machines Corp. during the fourth quarter valued at $110,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in International Business Machines Corp. during the fourth quarter valued at $117,000. Finally, Capital Analysts LLC boosted its position in International Business Machines Corp. by 5.5% in the fourth quarter. Capital Analysts LLC now owns 726 shares of the technology company’s stock valued at $121,000 after buying an additional 38 shares during the last quarter. 58.65% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Corp. Company Profile

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.

5 Day Chart for NYSE:IBM

Receive News & Ratings for International Business Machines Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.