International Business Machines Corporation (NYSE:IBM)‘s stock had its “sell” rating reissued by Barclays PLC in a research report issued on Wednesday. They currently have a $133.00 target price on the technology company’s stock. Barclays PLC’s price objective indicates a potential downside of 9.24% from the company’s current price.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald restated a “hold” rating and set a $154.00 price target (down from $166.00) on shares of International Business Machines Corporation in a research report on Wednesday, July 19th. Cleveland Research assumed coverage on International Business Machines Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating on the stock. Argus restated a “buy” rating and set a $175.00 price target (down from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. UBS AG restated a “neutral” rating and set a $159.00 price target (down from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Finally, Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target on the stock in a research report on Monday, July 31st. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and an average price target of $157.51.

International Business Machines Corporation (NYSE IBM) traded up 9.66% during mid-day trading on Wednesday, hitting $160.69. The stock had a trading volume of 21,758,648 shares. The firm has a market cap of $149.75 billion, a PE ratio of 13.34 and a beta of 0.95. The company’s 50 day moving average price is $145.27 and its 200 day moving average price is $151.70. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $3.29 EPS. Analysts anticipate that International Business Machines Corporation will post $13.75 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the business. Herndon Capital Management LLC boosted its stake in shares of International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after acquiring an additional 195 shares during the period. Edge Wealth Management LLC boosted its stake in shares of International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after acquiring an additional 40 shares during the period. ETF Managers Group LLC bought a new position in shares of International Business Machines Corporation in the second quarter worth about $121,000. Peddock Capital Advisors LLC boosted its stake in shares of International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after acquiring an additional 62 shares during the period. Finally, Horan Securities Inc. boosted its stake in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after acquiring an additional 837 shares during the period. 57.84% of the stock is owned by institutional investors and hedge funds.

About International Business Machines Corporation

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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