Drexel Hamilton reissued their buy rating on shares of International Business Machines Corp. (NYSE:IBM) in a research report report published on Tuesday morning. Drexel Hamilton currently has a $186.00 price objective on the technology company’s stock.

A number of other research firms have also weighed in on IBM. Standpoint Research lowered shares of International Business Machines Corp. from a buy rating to a hold rating in a research note on Monday, July 25th. Cantor Fitzgerald reaffirmed a hold rating on shares of International Business Machines Corp. in a research report on Monday, August 8th. Oppenheimer Holdings Inc. started coverage on shares of International Business Machines Corp. in a research report on Monday, August 15th. They set a market perform rating on the stock. Vetr lowered shares of International Business Machines Corp. from a hold rating to a sell rating and set a $155.84 price target on the stock. in a research report on Wednesday, September 7th. Finally, Barclays PLC lifted their price target on shares of International Business Machines Corp. from $125.00 to $140.00 and gave the company an underweight rating in a research report on Friday, July 15th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $154.26.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

Shares of International Business Machines Corp. (NYSE:IBM) opened at 151.05 on Tuesday. The company has a market cap of $144.38 billion, a PE ratio of 12.28 and a beta of 0.88. The firm’s 50-day moving average price is $156.49 and its 200 day moving average price is $154.34. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00.

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.24 by $0.05. International Business Machines Corp. had a net margin of 14.75% and a return on equity of 85.64%. The business had revenue of $19.23 billion for the quarter, compared to analyst estimates of $19 billion. During the same period last year, the company posted $3.34 EPS. The business’s revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

In related news, insider Robert J. Leblanc sold 15,708 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the completion of the sale, the insider now directly owns 61,374 shares of the company’s stock, valued at approximately $9,957,931.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert J. Picciano sold 1,922 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total transaction of $305,905.52. Following the sale, the insider now directly owns 35,861 shares of the company’s stock, valued at $5,707,636.76. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Roble Belko & Company Inc raised its stake in International Business Machines Corp. by 2.9% in the second quarter. Roble Belko & Company Inc now owns 674 shares of the technology company’s stock worth $102,000 after buying an additional 19 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in International Business Machines Corp. during the second quarter worth $105,000. Cypress Capital Management LLC WY purchased a new stake in International Business Machines Corp. during the second quarter worth $107,000. Jackson Grant Investment Advisers Inc. raised its stake in International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock worth $110,000 after buying an additional 5 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in International Business Machines Corp. during the second quarter worth $120,000. 57.63% of the stock is owned by institutional investors and hedge funds.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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