Vetr upgraded shares of International Business Machines (NYSE:IBM) from a buy rating to a strong-buy rating in a report released on Wednesday. The firm currently has $173.45 target price on the technology company’s stock.

IBM has been the subject of several other reports. Cantor Fitzgerald restated a hold rating and issued a $154.00 price objective on shares of International Business Machines in a research note on Friday, October 13th. Stifel Nicolaus restated a buy rating and issued a $182.00 price objective on shares of International Business Machines in a research note on Friday, October 6th. Royal Bank Of Canada restated a hold rating and issued a $160.00 price objective on shares of International Business Machines in a research note on Wednesday, November 15th. BidaskClub upgraded International Business Machines from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Finally, Goldman Sachs Group set a $170.00 price objective on International Business Machines and gave the stock a neutral rating in a research note on Wednesday, October 18th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. International Business Machines has an average rating of Hold and a consensus target price of $159.24.

International Business Machines (IBM) traded down $1.25 during trading hours on Wednesday, hitting $154.10. The stock had a trading volume of 3,410,700 shares, compared to its average volume of 4,260,154. 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 stock has a market cap of $143,821.70, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. International Business Machines has a 52-week low of $139.13 and a 52-week high of $182.79.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 EPS. research analysts anticipate that International Business Machines will post 13.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 50.13%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBM. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after acquiring an additional 2,241,818 shares during the last quarter. BlackRock Inc. raised its position in International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. State Street Corp raised its position in International Business Machines by 0.4% in the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after purchasing an additional 181,993 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in International Business Machines by 4.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock worth $763,790,000 after purchasing an additional 216,212 shares during the period. Finally, Legal & General Group Plc raised its position in International Business Machines by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock worth $715,252,000 after purchasing an additional 119,747 shares during the period. 57.26% of the stock is owned by institutional investors and hedge funds.

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International Business Machines 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 (NYSE:IBM)

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