International Business Machines Corporation (IBM) Rating Reiterated by UBS AG

International Business Machines Corporation (NYSE:IBM)‘s stock had its “neutral” rating reaffirmed by equities research analysts at UBS AG in a report issued on Wednesday. They presently have a $160.00 target price on the technology company’s stock, up from their prior target price of $152.00. UBS AG’s target price would indicate a potential downside of 0.56% from the company’s current price.

Several other analysts also recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $170.00 price objective (up from $167.00) on shares of International Business Machines Corporation in a research report on Wednesday. Drexel Hamilton reiterated a “buy” rating and issued a $200.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday. Zacks Investment Research downgraded shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 price objective on shares of International Business Machines Corporation in a research report on Friday, October 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of International Business Machines Corporation in a research report on Friday, October 13th. Eight research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. International Business Machines Corporation presently has a consensus rating of “Hold” and an average price target of $157.90.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.55% during midday trading on Wednesday, hitting $161.79. 5,234,400 shares of the stock were exchanged. The firm has a 50-day moving average price of $146.43 and a 200-day moving average price of $151.43. The company has a market cap of $150.78 billion, a PE ratio of 13.43 and a beta of 0.95. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data 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 firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $3.29 EPS. On average, equities analysts predict that International Business Machines Corporation will post $13.81 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Bonness Enterprises Inc. increased its position in shares of International Business Machines Corporation by 28.0% in the third quarter. Bonness Enterprises Inc. now owns 29,464 shares of the technology company’s stock worth $4,274,000 after acquiring an additional 6,450 shares in the last quarter. Fulton Bank N.A. increased its position in shares of International Business Machines Corporation by 7.8% in the third quarter. Fulton Bank N.A. now owns 21,612 shares of the technology company’s stock worth $3,136,000 after acquiring an additional 1,555 shares in the last quarter. Beacon Financial Group increased its position in shares of International Business Machines Corporation by 40.7% in the third quarter. Beacon Financial Group now owns 6,917 shares of the technology company’s stock worth $1,004,000 after acquiring an additional 2,000 shares in the last quarter. Curbstone Financial Management Corp increased its position in shares of International Business Machines Corporation by 93.5% in the third quarter. Curbstone Financial Management Corp now owns 10,386 shares of the technology company’s stock worth $1,507,000 after acquiring an additional 5,018 shares in the last quarter. Finally, Park National Corp OH increased its position in shares of International Business Machines Corporation by 3.6% in the third quarter. Park National Corp OH now owns 224,540 shares of the technology company’s stock worth $32,576,000 after acquiring an additional 7,756 shares in the last quarter. 57.84% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corporation 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 Corporation (NYSE:IBM)

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