Shares of IBM (NYSE:IBM) have received an average recommendation of “Hold” from the twenty-four brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $168.20.

Several analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of IBM in a report on Thursday, July 19th. ValuEngine raised shares of IBM from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Stifel Nicolaus dropped their price objective on shares of IBM from $182.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday, July 19th. JPMorgan Chase & Co. reiterated a “$149.24” rating and issued a $157.00 target price on shares of IBM in a research note on Thursday, July 19th. Finally, Moffett Nathanson began coverage on shares of IBM in a research note on Thursday, October 4th. They issued a “sell” rating and a $150.00 target price for the company.

In related news, insider Diane J. Gherson sold 11,451 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $145.42, for a total value of $1,665,204.42. Following the completion of the transaction, the insider now directly owns 19,114 shares in the company, valued at approximately $2,779,557.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Swedbank grew its holdings in shares of IBM by 214.6% during the third quarter. Swedbank now owns 1,123,724 shares of the technology company’s stock worth $169,918,000 after buying an additional 766,478 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of IBM by 24.1% during the second quarter. Schroder Investment Management Group now owns 1,854,109 shares of the technology company’s stock worth $259,649,000 after buying an additional 359,868 shares in the last quarter. Aperio Group LLC grew its holdings in shares of IBM by 9.0% during the third quarter. Aperio Group LLC now owns 454,228 shares of the technology company’s stock worth $68,684,000 after buying an additional 37,393 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of IBM by 3.6% during the third quarter. Nisa Investment Advisors LLC now owns 320,951 shares of the technology company’s stock worth $48,531,000 after buying an additional 11,129 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of IBM by 4.3% during the second quarter. Tocqueville Asset Management L.P. now owns 205,622 shares of the technology company’s stock worth $28,725,000 after buying an additional 8,571 shares in the last quarter. Institutional investors own 55.42% of the company’s stock.

IBM stock opened at $129.10 on Wednesday. The firm has a market capitalization of $119.16 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 1.81. IBM has a 12 month low of $127.96 and a 12 month high of $171.13.

IBM (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 16th. The technology company reported $3.42 EPS for the quarter, beating the consensus estimate of $3.40 by $0.02. The business had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $19.04 billion. IBM had a net margin of 7.12% and a return on equity of 69.98%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.30 EPS. On average, research analysts expect that IBM will post 13.82 EPS for the current fiscal year.

IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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Analyst Recommendations for IBM (NYSE:IBM)

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