Barclays upgraded shares of International Business Machines (NYSE:IBM) from an underweight rating to an overweight rating in a research report released on Wednesday morning, MarketBeat.com reports. They currently have $192.00 price target on the technology company’s stock, up from their prior price target of $133.00.

A number of other research firms also recently weighed in on IBM. UBS Group reaffirmed a neutral rating and set a $160.00 price objective (up from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Jefferies Group reaffirmed a sell rating and set a $125.00 price objective on shares of International Business Machines in a report on Thursday, September 21st. Vetr raised International Business Machines from a buy rating to a strong-buy rating and set a $173.45 price objective on the stock in a report on Wednesday, December 6th. Cantor Fitzgerald reaffirmed a hold rating and set a $154.00 price objective on shares of International Business Machines in a report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $175.00 price objective on shares of International Business Machines in a report on Thursday, January 11th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company’s stock. International Business Machines has an average rating of Hold and an average target price of $163.32.

International Business Machines (NYSE:IBM) traded up $0.47 during midday trading on Wednesday, reaching $169.12. The company’s stock had a trading volume of 14,260,000 shares, compared to its average volume of 5,060,000. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $156,570.00, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. International Business Machines has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.01 earnings per share. equities analysts expect that International Business Machines will post 13.79 EPS for the current year.

A number of hedge funds have recently bought and sold shares of IBM. Vanguard Group Inc. raised its position in 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 worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB raised its position in International Business Machines by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after purchasing an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC raised its position in International Business Machines by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after purchasing an additional 1,249,916 shares during the last quarter. BlackRock Inc. raised its position in International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp raised its position in International Business Machines by 9,678.2% in the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after purchasing an additional 807,553 shares during the last quarter. Hedge funds and other institutional investors 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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