International Business Machines (NYSE:IBM) has been given a $167.00 price objective by analysts at JPMorgan Chase & Co. in a note issued to investors on Friday. The brokerage currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 1.21% from the stock’s previous close.

A number of other brokerages have also issued reports on IBM. UBS Group restated a “neutral” rating and set a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Jefferies Group restated a “sell” rating and set a $125.00 price target on shares of International Business Machines in a research note on Thursday, September 21st. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target on the stock in a research note on Wednesday, December 6th. Cantor Fitzgerald restated a “hold” rating and set a $154.00 price target on shares of International Business Machines in a research note on Friday, October 13th. Finally, Morgan Stanley upped their price target on shares of International Business Machines to $198.00 and gave the company an “overweight” rating in a research note on Friday. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $164.70.

International Business Machines (IBM) opened at $165.01 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a market cap of $156,570.00, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. During the same quarter in the prior year, the business posted $5.01 EPS. International Business Machines’s revenue for the quarter was up 3.6% compared to the same quarter last year. equities research analysts expect that International Business Machines will post 13.79 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Herndon Capital Management LLC raised its position in shares of International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the last quarter. Edge Wealth Management LLC raised its position in shares of International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the last quarter. ETF Managers Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $121,000. Horan Capital Advisors LLC. acquired a new stake in shares of International Business Machines in the third quarter valued at about $136,000. Finally, Peddock Capital Advisors LLC raised its position in shares of International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the last quarter. 57.12% of the stock is currently 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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