International Business Machines Corporation (NYSE:IBM) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Wednesday. The brokerage presently has a $165.26 target price on the technology company’s stock. Vetr‘s price target points to a potential upside of 10.82% from the stock’s current price.

Several other research firms have also recently issued reports on IBM. Berenberg Bank set a $125.00 target price on International Business Machines Corporation and gave the company a “sell” rating in a research note on Wednesday, October 18th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised International Business Machines Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 target price (down from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th. Finally, Drexel Hamilton reissued a “buy” rating and set 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 given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. International Business Machines Corporation currently has an average rating of “Hold” and an average target price of $158.93.

International Business Machines Corporation (IBM) opened at $149.12 on Wednesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The company has a market capitalization of $136,183.92, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same period in the previous year, the firm earned $3.29 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. equities analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC increased its position in International Business Machines Corporation by 18.9% during the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after acquiring an additional 12,236 shares during the last quarter. Intellectus Partners LLC increased its position in International Business Machines Corporation by 9.8% during the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after acquiring an additional 1,496 shares during the last quarter. CKW Financial Group increased its position in International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after acquiring an additional 121 shares during the last quarter. Argus Investors Counsel Inc. increased its position in International Business Machines Corporation by 10.9% during the second quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after acquiring an additional 2,651 shares during the last quarter. Finally, SOL Capital Management CO increased its position in International Business Machines Corporation by 0.6% during the second quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 58.25% of the company’s stock.

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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