Pivotal Research set a $180.00 price target on International Business Machines (NYSE:IBM) in a report released on Thursday morning. The brokerage currently has a buy rating on the technology company’s stock.

Several other analysts also recently commented on IBM. Jefferies Group reaffirmed a sell rating and set a $125.00 target price on shares of International Business Machines in a report on Thursday, September 21st. ValuEngine raised shares of International Business Machines from a hold rating to a buy rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a buy rating and set a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a hold rating on shares of International Business Machines in a report on Friday, October 13th. Finally, Cantor Fitzgerald reaffirmed a hold rating and set a $154.00 target price on shares of International Business Machines in a report on Friday, October 13th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. International Business Machines has an average rating of Hold and a consensus price target of $164.09.

International Business Machines (IBM) opened at $162.37 on Thursday. International Business Machines has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a market cap of $150,320.00, a PE ratio of 26.57, a PEG ratio of 2.37 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 68.39%. The company had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same quarter last year, the firm posted $5.01 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts expect that International Business Machines will post 13.83 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of IBM. Vanguard Group Inc. raised its position in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. BlackRock Inc. raised its position in shares of International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of International Business Machines by 4.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock valued at $763,790,000 after buying an additional 216,212 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of International Business Machines by 4.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 5,053,040 shares of the technology company’s stock valued at $775,238,000 after buying an additional 226,538 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of International Business Machines by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock valued at $715,252,000 after buying an additional 119,747 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

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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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