JPMorgan Chase & Co. set a $167.00 target price on International Business Machines (NYSE:IBM) in a research report report published on Friday morning. The brokerage currently has a neutral rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of International Business Machines from a sell rating to a hold rating in a research report on Wednesday, January 10th. BMO Capital Markets reaffirmed a hold rating and issued a $175.00 price target on shares of International Business Machines in a report on Thursday, January 11th. They noted that the move was a valuation call. Pivotal Research set a $180.00 price target on shares of International Business Machines and gave the stock a buy rating in a report on Thursday. Stifel Nicolaus reaffirmed a buy rating and issued a $182.00 price target on shares of International Business Machines in a report on Wednesday, October 18th. Finally, UBS Group reaffirmed a neutral rating and issued a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Six investment 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. The stock currently has a consensus rating of Hold and a consensus target price of $164.09.

International Business Machines (NYSE IBM) opened at $162.37 on Friday. International Business Machines has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. The company has a market cap of $150,320.00, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.37 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS 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 69.48%. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter last year, the firm earned $5.01 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts forecast that International Business Machines will post 13.83 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Herndon Capital Management LLC grew its stake in International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares in the last quarter. Edge Wealth Management LLC grew its position in shares of International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of International Business Machines during the 2nd quarter valued at $121,000. Horan Capital Advisors LLC. purchased a new position in shares of International Business Machines during the 3rd quarter valued at $136,000. Finally, Peddock Capital Advisors LLC grew its position in shares of International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 57.34% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/international-business-machines-ibm-pt-set-at-167-00-by-jpmorgan-chase-co/1818094.html.

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)

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.