International Business Machines Corporation (IBM) Stock Rating Reaffirmed by KeyCorp

International Business Machines Corporation (NYSE:IBM)‘s stock had its “hold” rating restated by equities research analysts at KeyCorp in a research note issued on Friday, November 3rd.

IBM has been the topic of a number of other research reports. 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. Royal Bank Of Canada reaffirmed a “hold” rating on shares of International Business Machines Corporation in a research note on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Morgan Stanley reiterated an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $170.00 target price (up from $167.00) on shares of International Business Machines Corporation in a research report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. International Business Machines Corporation has a consensus rating of “Hold” and an average target price of $158.90.

Shares of International Business Machines Corporation (IBM) opened at $149.16 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 Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a market cap of $138,090.00, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94.

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

International Business Machines Corporation announced that its Board of Directors has approved a share buyback plan on Tuesday, October 31st that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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A number of hedge funds have recently made changes to their positions in IBM. Vanguard Group Inc. increased its stake in International Business Machines Corporation by 3.7% during 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 purchasing an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of International Business Machines Corporation by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after acquiring an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of International Business Machines Corporation by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after acquiring an additional 1,249,916 shares in the last quarter. BlackRock Inc. grew its stake in shares of International Business Machines Corporation 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 acquiring an additional 1,241,441 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of International Business Machines Corporation by 157.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,287,090 shares of the technology company’s stock worth $186,731,000 after acquiring an additional 786,749 shares in the last quarter. Institutional investors and hedge funds 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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