International Business Machines (NYSE:IBM – Get Rating) had its price objective reduced by analysts at BMO Capital Markets from $155.00 to $148.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 16.94% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Tuesday, April 5th. UBS Group lowered their price target on International Business Machines from $124.00 to $118.00 in a report on Tuesday, January 25th. StockNews.com began coverage on International Business Machines in a report on Thursday, March 31st. They set a “buy” rating on the stock. The Goldman Sachs Group began coverage on International Business Machines in a report on Sunday, January 9th. They set a “neutral” rating and a $140.00 price target on the stock. Finally, Stifel Nicolaus reduced their price objective on International Business Machines from $151.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.27.
IBM stock opened at $126.56 on Wednesday. The stock has a market capitalization of $113.82 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. International Business Machines has a 12-month low of $114.56 and a 12-month high of $152.84. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. The stock’s 50 day simple moving average is $127.87 and its 200 day simple moving average is $129.07.
International Business Machines (NYSE:IBM – Get Rating) last released its quarterly earnings data on Monday, January 24th. The technology company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.04). The business had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $15.96 billion. International Business Machines had a net margin of 8.11% and a return on equity of 42.49%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. On average, research analysts predict that International Business Machines will post 10.09 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of IBM. IFS Advisors LLC purchased a new stake in International Business Machines in the 4th quarter worth $28,000. Richwood Investment Advisors LLC bought a new position in shares of International Business Machines during the 4th quarter valued at about $30,000. Ulland Investment Advisors LLC bought a new position in shares of International Business Machines during the 4th quarter valued at about $32,000. Total Clarity Wealth Management Inc. boosted its holdings in shares of International Business Machines by 537.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock valued at $34,000 after purchasing an additional 215 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in shares of International Business Machines by 61.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 263 shares of the technology company’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 54.91% of the company’s stock.
International Business Machines Company Profile (Get Rating)
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
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