International Business Machines (NYSE:IBM) Price Target Raised to $150.00 at Morgan Stanley


Share on StockTwits

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.

Large investors have recently bought and sold shares of the company. Financial Enhancement Group LLC boosted its holdings in shares of International Business Machines by 852.4% in the fourth quarter. Financial Enhancement Group LLC now owns 200 shares of the technology company’s stock worth $25,000 after buying an additional 179 shares during the period. Oxler Private Wealth LLC acquired a new position in shares of International Business Machines in the fourth quarter worth about $25,000. Diversified LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $29,000. DB Wealth Management Group LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $29,000. Finally, Sage Private Wealth Group LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $31,000. Institutional investors own 55.67% of the company’s stock.

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.

Further Reading: Put Option

The Fly

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.