International Business Machines (NYSE:IBM)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a report released on Thursday, The Fly reports. They currently have a $185.00 price target on the technology company’s stock, up from their prior price target of $155.00. Wedbush’s price objective indicates a potential upside of 13.94% from the company’s previous close. Wedbush also issued estimates for International Business Machines’ Q4 2017 earnings at $5.17 EPS, Q4 2018 earnings at $5.14 EPS, FY2018 earnings at $13.92 EPS, Q4 2019 earnings at $5.28 EPS and FY2019 earnings at $14.35 EPS. The analysts noted that the move was a valuation call.

IBM has been the topic of several other research reports. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued 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 and issued a $160.00 target price on shares of International Business Machines in a report on Wednesday, November 15th. Barclays raised shares of International Business Machines from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $133.00 to $192.00 in a report on Wednesday. Finally, Goldman Sachs Group set a $170.00 target price on shares of International Business Machines and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $164.51.

Shares of International Business Machines (IBM) traded down $6.75 during mid-day trading on Thursday, hitting $162.37. 21,170,000 shares of the stock were exchanged, compared to its average volume of 5,380,000. International Business Machines has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market cap of $150,320.00, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. During the same quarter in the prior year, the firm earned $5.01 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. research analysts forecast that International Business Machines will post 13.86 EPS for the current year.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in International Business Machines by 3.7% during 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 purchasing an additional 2,241,818 shares during the period. BlackRock Inc. lifted its position in International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in International Business Machines by 4.3% during 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 purchasing an additional 216,212 shares during the period. Schwab Charles Investment Management Inc. lifted its position in International Business Machines by 4.7% during 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 purchasing an additional 226,538 shares during the period. Finally, Legal & General Group Plc lifted its position in International Business Machines by 2.5% during 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 purchasing an additional 119,747 shares during the period. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for International Business Machines (NYSE:IBM)

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