Stifel Nicolaus reissued their buy rating on shares of International Business Machines Corporation (NYSE:IBM) in a research note released on Wednesday. They currently have a $182.00 price target on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the stock. UBS AG reaffirmed a hold rating and issued a $152.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, September 5th. BidaskClub raised shares of International Business Machines Corporation from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Morgan Stanley reaffirmed an overweight rating and issued a $192.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Vetr raised shares of International Business Machines Corporation from a hold rating to a buy rating and set a $150.68 target price on the stock in a research note on Monday, July 31st. Finally, Drexel Hamilton reaffirmed a buy rating and issued a $200.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $157.90.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.73% during midday trading on Wednesday, hitting $162.07. 7,868,803 shares of the company traded hands. The stock has a market capitalization of $151.04 billion, a PE ratio of 13.49 and a beta of 0.95. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a 50 day moving average of $146.97 and a 200-day moving average of $151.34.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $3.29 earnings per share. Equities analysts forecast that International Business Machines Corporation will post $13.81 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/22/international-business-machines-corporations-ibm-buy-rating-reiterated-at-stifel-nicolaus.html.

A number of institutional investors have recently made changes to their positions in the business. CKW Financial Group lifted its position in International Business Machines Corporation by 0.3% during the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after buying an additional 3 shares during the period. K.J. Harrison & Partners Inc lifted its position in International Business Machines Corporation by 0.4% during the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after buying an additional 7 shares during the period. Arthur M. Cohen & Associates LLC lifted its position in International Business Machines Corporation by 0.5% during the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after buying an additional 7 shares during the period. Milestone Group Inc. lifted its position in International Business Machines Corporation by 0.4% during the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after buying an additional 8 shares during the period. Finally, Gilbert & Cook Inc. lifted its position in International Business Machines Corporation by 0.6% during the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after buying an additional 12 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)

Receive News & Stock Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related stocks with our FREE daily email newsletter.