International Business Machines Corporation (NYSE:IBM)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research report issued on Wednesday, July 12th, Marketbeat Ratings reports. They currently have a $125.00 price target on the technology company’s stock, down from their prior price target of $135.00. Jefferies Group LLC’s price target indicates a potential downside of 12.87% from the stock’s previous close.

Other analysts also recently issued reports about the company. Bank of America Corporation reissued a “buy” rating and issued a $180.00 price objective (down from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Argus reaffirmed a “buy” rating and issued a $192.00 target price (up from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, March 22nd. Vetr raised International Business Machines Corporation from a “sell” rating to a “buy” rating and set a $185.08 target price for the company in a report on Tuesday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $192.00 target price on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $200.00 target price (down from $215.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company. International Business Machines Corporation has an average rating of “Hold” and an average target price of $157.40.

Shares of International Business Machines Corporation (NYSE:IBM) opened at 143.47 on Wednesday. The firm has a market cap of $133.71 billion, a P/E ratio of 11.91 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $142.75 and a 12-month high of $182.79. The firm’s 50-day moving average price is $151.77 and its 200 day moving average price is $163.85.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.95 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

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In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of the stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average cost of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the company. Cowen Prime Services LLC raised its position in shares of International Business Machines Corporation by 4.4% in the second quarter. Cowen Prime Services LLC now owns 3,092 shares of the technology company’s stock worth $476,000 after buying an additional 130 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of International Business Machines Corporation by 6.5% in the second quarter. GHP Investment Advisors Inc. now owns 14,270 shares of the technology company’s stock worth $2,195,000 after buying an additional 870 shares during the last quarter. Usca Ria LLC raised its position in shares of International Business Machines Corporation by 27.3% in the second quarter. Usca Ria LLC now owns 44,628 shares of the technology company’s stock worth $6,865,000 after buying an additional 9,572 shares during the last quarter. Strategic Financial Group LLC raised its position in shares of International Business Machines Corporation by 7.9% in the second quarter. Strategic Financial Group LLC now owns 6,184 shares of the technology company’s stock worth $951,000 after buying an additional 455 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of International Business Machines Corporation by 8.6% in the second quarter. Parallel Advisors LLC now owns 7,429 shares of the technology company’s stock worth $1,075,000 after buying an additional 590 shares during the last quarter. Institutional investors own 58.73% of the company’s stock.

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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