Credit Suisse Group reaffirmed their underperform rating on shares of International Business Machines Corporation (NYSE:IBM) in a report published on Monday morning. The brokerage currently has a $110.00 price objective on the technology company’s stock, down from their prior price objective of $125.00.

A number of other equities research analysts have also recently weighed in on the stock. Vetr cut shares of International Business Machines Corporation 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, April 17th. Goldman Sachs Group, Inc. (The) cut their price objective on shares of International Business Machines Corporation from $175.00 to $170.00 and set a neutral rating on the stock in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of International Business Machines Corporation from a hold rating to a sell rating in a research note on Friday, April 21st. Morgan Stanley restated an overweight rating and set a $212.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Finally, Drexel Hamilton restated a buy rating and set a $200.00 price objective (down from $215.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $160.63.

International Business Machines Corporation (NYSE IBM) traded down 4.52% during trading on Monday, hitting $147.04. 9,612,323 shares of the stock were exchanged. The company has a market cap of $138.14 billion, a price-to-earnings ratio of 12.09 and a beta of 0.98. International Business Machines Corporation has a one year low of $146.71 and a one year high of $182.79. The stock’s 50 day moving average is $153.68 and its 200-day moving average is $165.43. International Business Machines Corporation also saw some unusual options trading on Tuesday. Traders purchased 49,126 put options on the company. This represents an increase of 655% compared to the average volume of 6,510 put options.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 74.46% and a net margin of 14.62%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.95 earnings per share. On average, equities research analysts expect that International Business Machines Corporation will post $13.68 earnings per share for the current fiscal year.

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In other news, Director James W. Owens purchased 1,718 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of $153.19 per share, with a total value of $263,180.42. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of International Business Machines Corporation during the fourth quarter valued at approximately $117,000. Jackson Grant Investment Advisers Inc. boosted its stake in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares during the last quarter. Horan Securities Inc. boosted its stake in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares during the last quarter. CKW Financial Group boosted its stake in shares of International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares during the last quarter. 58.16% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation 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.

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

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