Societe Generale set a $152.00 price target on International Business Machines (NYSE:IBM) in a research note issued to investors on Friday. The brokerage currently has a sell rating on the technology company’s stock.
Several other equities analysts have also recently weighed in on the stock. Vetr raised shares of International Business Machines from a buy rating to a strong-buy rating and set a $165.26 target price for the company in a research note on Wednesday, November 15th. Zacks Investment Research cut shares of International Business Machines from a hold rating to a sell rating in a research note on Tuesday, December 19th. KeyCorp reaffirmed a hold rating on shares of International Business Machines in a research note on Friday, November 3rd. Jefferies Group reiterated a sell rating and set a $125.00 price objective on shares of International Business Machines in a research report on Thursday, September 21st. Finally, Tigress Financial reiterated a buy rating on shares of International Business Machines in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of Hold and an average price target of $159.90.
International Business Machines (NYSE:IBM) traded up $0.21 on Friday, reaching $163.37. 3,690,000 shares of the company traded hands, compared to its average volume of 4,810,000. The stock has a market capitalization of $151,250.00, a PE ratio of 13.64, a price-to-earnings-growth ratio of 2.38 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. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.
International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $3.29 earnings per share. analysts anticipate that International Business Machines will post 13.79 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Herndon Capital Management LLC lifted its holdings in International Business Machines by 39.0% during the 2nd 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 in the last quarter. Edge Wealth Management LLC increased its position in International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the period. ETF Managers Group LLC purchased a new position in International Business Machines during the 2nd quarter valued at about $121,000. Horan Capital Advisors LLC. purchased a new position in International Business Machines during the 3rd quarter valued at about $136,000. Finally, Peddock Capital Advisors LLC increased its position in International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.
About International Business Machines
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.
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.