International Business Machines (NYSE:IBM) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday. They currently have a $173.45 target price on the technology company’s stock. Vetr‘s price target suggests a potential upside of 11.61% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. UBS reaffirmed a “hold” rating and set a $152.00 price target on shares of International Business Machines in a research note on Tuesday, September 5th. BidaskClub raised shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Morgan Stanley reissued an “overweight” rating and issued a $192.00 target price on shares of International Business Machines in a research note on Wednesday, August 23rd. KeyCorp reissued a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $159.24.

International Business Machines (NYSE IBM) opened at $155.41 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The firm has a market cap of $143,910.00, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. International Business Machines has a one year low of $139.13 and a one year high of $182.79.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $3.29 earnings per share. equities analysts expect that International Business Machines will post 13.8 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBM. DekaBank Deutsche Girozentrale grew its holdings in International Business Machines by 70.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after acquiring an additional 267,588 shares in the last quarter. Grisanti Capital Management LLC grew its holdings in International Business Machines by 2.0% during the 1st quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after acquiring an additional 20 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in International Business Machines by 5.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 53,060 shares of the technology company’s stock worth $9,240,000 after acquiring an additional 2,970 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in International Business Machines by 89.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 27,443 shares of the technology company’s stock worth $4,779,000 after acquiring an additional 12,928 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in International Business Machines by 7.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 13,052 shares of the technology company’s stock worth $2,273,000 after acquiring an additional 954 shares in the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.

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About International Business Machines

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 (NYSE:IBM)

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