International Business Machines (NYSE:IBM) had its price target upped by equities research analysts at Morgan Stanley from $140.00 to $150.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential upside of 11.17% from the company’s previous close.
NYSE:IBM opened at $134.93 on Thursday. International Business Machines has a twelve month low of $105.92 and a twelve month high of $137.07. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 2.58. The company has a 50-day moving average of $126.88 and a 200-day moving average of $123.18. The firm has a market cap of $120.57 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25.
International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 20th. The technology company reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.28. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. The company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.59 billion. During the same quarter last year, the firm posted $4.71 EPS. On average, research analysts forecast that International Business Machines will post 8.73 earnings per share for the current year.
International Business Machines Company Profile
International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.
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