Shares of IBM (NYSE:IBM) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $154.80.

IBM has been the subject of a number of recent analyst reports. Wells Fargo & Co reissued a “market perform” rating and issued a $140.00 price objective (down previously from $147.00) on shares of IBM in a research report on Thursday, October 17th. UBS Group cut IBM from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $140.00 in a research report on Monday, October 21st. ValuEngine raised IBM from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Wedbush reissued a “neutral” rating and issued a $155.00 price objective (down previously from $165.00) on shares of IBM in a research report on Thursday, October 17th. Finally, Stifel Nicolaus set a $169.00 price target on IBM and gave the stock a “buy” rating in a research report on Tuesday, October 15th.

Shares of IBM stock traded up $0.80 during trading on Friday, reaching $136.62. The company’s stock had a trading volume of 4,045,591 shares, compared to its average volume of 3,381,849. The company has a quick ratio of 1.04, a current ratio of 1.09 and a debt-to-equity ratio of 3.40. The company has a market cap of $121.06 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 2.07 and a beta of 1.33. IBM has a 1-year low of $120.55 and a 1-year high of $152.95. The company has a 50-day simple moving average of $134.54 and a two-hundred day simple moving average of $138.27.

IBM (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 16th. The technology company reported $2.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.67 by $0.01. The firm had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.29 billion. IBM had a return on equity of 67.12% and a net margin of 10.00%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.42 EPS. As a group, analysts anticipate that IBM will post 12.8 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Lenox Wealth Advisors LLC lifted its position in IBM by 44.8% during the 4th quarter. Lenox Wealth Advisors LLC now owns 278 shares of the technology company’s stock worth $37,000 after acquiring an additional 86 shares during the period. Bridger Capital Management LLC acquired a new stake in IBM during the 3rd quarter worth about $60,000. Hollencrest Capital Management acquired a new stake in IBM during the 3rd quarter worth about $249,000. Acorn Wealth Advisors LLC lifted its position in IBM by 5.7% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 1,924 shares of the technology company’s stock worth $259,000 after acquiring an additional 104 shares during the period. Finally, Balasa Dinverno & Foltz LLC raised its stake in shares of IBM by 12.3% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 2,457 shares of the technology company’s stock valued at $357,000 after buying an additional 269 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

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Analyst Recommendations for IBM (NYSE:IBM)

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