International Business Machines (IBM) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of International Business Machines (NYSE:IBM) from an underweight rating to an overweight rating in a report issued on Wednesday. Barclays currently has $192.00 target price on the technology company’s stock, up from their prior target price of $133.00.

Several other equities research analysts have also weighed in on the company. Vetr raised International Business Machines from a buy rating to a strong-buy rating and set a $165.26 price objective for the company in a research note on Wednesday, November 15th. Zacks Investment Research lowered International Business Machines from a hold rating to a sell rating in a research note on Tuesday, December 19th. KeyCorp reissued a hold rating on shares of International Business Machines in a research note on Friday, November 3rd. Jefferies Group reissued a sell rating and set a $125.00 price objective on shares of International Business Machines in a research note on Thursday, September 21st. Finally, Tigress Financial reissued a buy rating on shares of International Business Machines in a research note on Friday, December 1st. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $163.32.

International Business Machines (NYSE IBM) traded up $0.47 on Wednesday, hitting $169.12. The stock had a trading volume of 14,260,000 shares, compared to its average volume of 5,060,000. The company has a market cap of $156,570.00, a price-to-earnings ratio of 14.12, a PEG ratio of 2.39 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. International Business Machines has a 1-year low of $139.13 and a 1-year high of $182.79.

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

Several institutional investors have recently modified their holdings of IBM. Salem Capital Management Inc. raised its holdings in shares of International Business Machines by 3.2% during the second quarter. Salem Capital Management Inc. now owns 4,265 shares of the technology company’s stock worth $656,000 after acquiring an additional 133 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of International Business Machines by 0.8% during the second quarter. First Hawaiian Bank now owns 2,213 shares of the technology company’s stock worth $340,000 after acquiring an additional 17 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of International Business Machines by 0.7% during the second quarter. Perkins Coie Trust Co now owns 15,263 shares of the technology company’s stock worth $2,348,000 after acquiring an additional 109 shares in the last quarter. City Holding Co. raised its holdings in shares of International Business Machines by 15.1% during the second quarter. City Holding Co. now owns 19,930 shares of the technology company’s stock worth $3,066,000 after acquiring an additional 2,619 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of International Business Machines by 43.5% during the second quarter. Koshinski Asset Management Inc. now owns 2,917 shares of the technology company’s stock worth $449,000 after acquiring an additional 884 shares in the last quarter. 57.12% 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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