International Business Machines Corporation (NYSE:IBM)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a research report issued to clients and investors on Friday. They presently have a $182.00 target price on the technology company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 24.25% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price objective for the company in a research note on Monday, July 10th. Drexel Hamilton restated a “buy” rating and issued a $200.00 price objective on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Standpoint Research upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Argus restated a “buy” rating and issued a $175.00 price objective (down previously from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Finally, ValuEngine upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $157.12.

Shares of International Business Machines Corporation (IBM) opened at 146.48 on Friday. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The firm’s 50-day moving average price is $144.33 and its 200-day moving average price is $152.97. The firm has a market cap of $136.51 billion, a PE ratio of 12.16 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. International Business Machines Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Herndon Capital Management LLC increased its stake in shares of International Business Machines Corporation by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC increased its stake in shares of International Business Machines Corporation by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $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 Corporation during the 2nd quarter worth approximately $121,000. Peddock Capital Advisors LLC increased its stake in shares of International Business Machines Corporation by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares in the last quarter. Finally, Horan Securities Inc. increased its stake in shares of International Business Machines Corporation by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares in the last quarter. 57.88% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corporation Company Profile

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 Corporation (NYSE:IBM)

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