Shares of IBM (NYSE:IBM) have earned an average rating of “Hold” from the twenty-eight research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $167.45.
Several analysts recently commented on the company. BMO Capital Markets lowered their target price on IBM from $172.00 to $164.00 and set a “market perform” rating on the stock in a research report on Wednesday. Bank of America restated a “buy” rating and issued a $200.00 target price on shares of IBM in a research report on Wednesday. UBS Group set a $180.00 target price on IBM and gave the company a “buy” rating in a research report on Wednesday, October 10th. Cantor Fitzgerald lowered their target price on IBM from $152.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Wedbush restated a “neutral” rating and issued a $185.00 target price on shares of IBM in a research report on Thursday, July 19th.
IBM traded down $10.39 during trading hours on Wednesday, hitting $134.73. The company’s stock had a trading volume of 1,025,630 shares, compared to its average volume of 4,871,038. IBM has a fifty-two week low of $137.45 and a fifty-two week high of $171.13. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.32 and a quick ratio of 1.27. The stock has a market cap of $138.02 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.20 and a beta of 0.87.
IBM (NYSE:IBM) last posted its earnings results on Tuesday, October 16th. The technology company reported $3.42 EPS for the quarter, beating the consensus estimate of $3.40 by $0.02. IBM had a return on equity of 69.84% and a net margin of 7.13%. The firm had revenue of $18.76 billion for the quarter, compared to analysts’ expectations of $19.04 billion. During the same period last year, the firm earned $3.30 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. Equities analysts anticipate that IBM will post 13.82 EPS for the current year.
In other news, insider Diane J. Gherson sold 11,451 shares of IBM stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total transaction of $1,665,204.42. Following the transaction, the insider now directly owns 19,114 shares in the company, valued at approximately $2,779,557.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in IBM. Coastline Trust Co boosted its stake in shares of IBM by 14.7% during the 2nd quarter. Coastline Trust Co now owns 19,353 shares of the technology company’s stock worth $2,704,000 after acquiring an additional 2,475 shares in the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of IBM by 2.4% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 20,690 shares of the technology company’s stock worth $3,129,000 after acquiring an additional 481 shares in the last quarter. Argus Investors Counsel Inc. boosted its stake in shares of IBM by 18.8% during the 2nd quarter. Argus Investors Counsel Inc. now owns 27,425 shares of the technology company’s stock worth $3,831,000 after acquiring an additional 4,349 shares in the last quarter. Viking Fund Management LLC boosted its stake in shares of IBM by 3.8% during the 3rd quarter. Viking Fund Management LLC now owns 27,000 shares of the technology company’s stock worth $4,083,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Grassi Investment Management boosted its stake in shares of IBM by 2.0% during the 2nd quarter. Grassi Investment Management now owns 49,795 shares of the technology company’s stock worth $6,956,000 after acquiring an additional 965 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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