International Business Machines Corporation (NYSE:IBM)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, July 12th. They currently have a $165.00 price target on the technology company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 15.01% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) lowered their price target on shares of International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, April 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a report on Wednesday, April 19th. UBS AG reissued a “neutral” rating and issued a $167.00 price target (down from $185.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Wells Fargo & Company reissued a “market perform” rating and issued a $162.50 price target on shares of International Business Machines Corporation in a report on Tuesday, April 25th. Finally, BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $157.40.

International Business Machines Corporation (IBM) opened at 143.47 on Wednesday. International Business Machines Corporation has a 12-month low of $142.75 and a 12-month high of $182.79. The stock has a 50 day moving average price of $151.77 and a 200-day moving average price of $163.85. The firm has a market capitalization of $133.71 billion, a PE ratio of 11.91 and a beta of 0.97.

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

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In related news, Director James W. Owens bought 1,718 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. raised its stake in International Business Machines Corporation by 1.8% in the fourth quarter. Brown Advisory Inc. now owns 314,843 shares of the technology company’s stock valued at $52,260,000 after buying an additional 5,625 shares during the period. Sii Investments Inc. WI raised its stake in International Business Machines Corporation by 2.5% in the fourth quarter. Sii Investments Inc. WI now owns 24,733 shares of the technology company’s stock valued at $4,098,000 after buying an additional 615 shares during the period. Good Life Advisors LLC acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $220,000. Asset Management One Co. Ltd. raised its stake in International Business Machines Corporation by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock valued at $261,234,000 after buying an additional 1,482,372 shares during the period. Finally, Stellar Capital Management LLC acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $367,000. Hedge funds and other 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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