International Business Machines Corporation (NYSE:IBM)‘s stock had its “overweight” rating reissued by analysts at Morgan Stanley in a report issued on Friday. They presently have a $187.00 price target on the technology company’s stock, up from their previous price target of $179.00. Morgan Stanley’s price objective points to a potential upside of 11.75% from the stock’s previous close.

Several other research firms have also recently weighed in on IBM. Vetr cut shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $157.99 price objective for the company. in a research report on Thursday, October 27th. Credit Suisse Group reaffirmed an “underperform” rating and set a $110.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, October 12th. Stifel Nicolaus upped their price objective on shares of International Business Machines Corporation from $165.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday. Goldman Sachs Group, Inc. (The) cut their price objective on shares of International Business Machines Corporation from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $160.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, October 18th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $160.34.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

Shares of International Business Machines Corporation (NYSE:IBM) traded down 0.36% during trading on Friday, reaching $167.34. 2,875,433 shares of the company’s stock were exchanged. The company has a 50 day moving average of $165.86 and a 200 day moving average of $159.38. The firm has a market capitalization of $159.12 billion, a P/E ratio of 13.63 and a beta of 0.97. International Business Machines Corporation has a 52-week low of $116.90 and a 52-week high of $169.95.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.05. The company earned $19.23 billion during the quarter, compared to analysts’ expectations of $19 billion. International Business Machines Corporation had a net margin of 14.75% and a return on equity of 82.86%. International Business Machines Corporation’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.34 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post $13.49 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “International Business Machines Corporation (IBM) Receives “Overweight” Rating from Morgan Stanley” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece can be accessed at http://www.watchlistnews.com/international-business-machines-corporation-ibm-receives-overweight-rating-from-morgan-stanley/1060840.html.

In related news, Director David N. Farr acquired 1,300 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were acquired at an average cost of $149.93 per share, for a total transaction of $194,909.00. Following the purchase, the director now owns 3,758 shares in the company, valued at $563,436.94. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Rhodin sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $152.31, for a total value of $152,310.00. Following the transaction, the insider now owns 19,651 shares in the company, valued at $2,993,043.81. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of IBM. Banced Corp boosted its position in shares of International Business Machines Corporation by 32.9% in the second quarter. Banced Corp now owns 2,459 shares of the technology company’s stock valued at $356,000 after buying an additional 609 shares during the period. Lynch & Associates IN boosted its position in shares of International Business Machines Corporation by 7.2% in the second quarter. Lynch & Associates IN now owns 34,799 shares of the technology company’s stock valued at $5,282,000 after buying an additional 2,326 shares during the period. Capital Investment Advisors LLC boosted its position in shares of International Business Machines Corporation by 1.0% in the second quarter. Capital Investment Advisors LLC now owns 51,961 shares of the technology company’s stock valued at $7,887,000 after buying an additional 523 shares during the period. Willingdon Wealth Management boosted its position in shares of International Business Machines Corporation by 132.9% in the second quarter. Willingdon Wealth Management now owns 3,593 shares of the technology company’s stock valued at $545,000 after buying an additional 2,050 shares during the period. Finally, Rockland Trust Co. boosted its position in shares of International Business Machines Corporation by 2.3% in the second quarter. Rockland Trust Co. now owns 17,980 shares of the technology company’s stock valued at $2,729,000 after buying an additional 406 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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