International Business Machines Corporation (NYSE:IBM)‘s stock had its “overweight” rating restated by investment analysts at Morgan Stanley in a research note issued on Wednesday. They currently have a $192.00 price objective on the technology company’s stock. Morgan Stanley’s price target would indicate a potential upside of 33.57% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on IBM. Pacific Crest started coverage on International Business Machines Corporation in a research note on Thursday, May 18th. They issued an “equal weight” rating and a $151.35 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 target price on the stock in a research note on Monday, May 15th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $157.41.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.56% on Wednesday, reaching $143.74. 2,872,893 shares of the company’s stock were exchanged. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The firm has a market capitalization of $133.96 billion, a P/E ratio of 11.93 and a beta of 0.97. The firm has a 50 day moving average of $146.08 and a 200 day moving average of $160.27.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same period last year, the business posted $2.95 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Corporation will post $13.76 EPS for the current year.

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Large investors have recently made changes to their positions in the company. CKW Financial Group raised its stake in shares of International Business Machines Corporation by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares during the last quarter. Independence Advisors LLC raised its stake in shares of International Business Machines Corporation by 0.3% in the first quarter. Independence Advisors LLC now owns 1,937 shares of the technology company’s stock worth $337,000 after buying an additional 5 shares during the last quarter. K.J. Harrison & Partners Inc raised its stake in shares of International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after buying an additional 7 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its stake in shares of International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after buying an additional 7 shares during the last quarter. Finally, Milestone Group Inc. raised its stake in shares of International Business Machines Corporation by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 58.57% 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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