International Business Machines Corporation (NYSE:IBM)‘s stock had its “underperform” rating restated by equities research analysts at Credit Suisse Group in a note issued to investors on Monday. They presently have a $110.00 price target on the technology company’s stock. Credit Suisse Group’s price objective indicates a potential downside of 28.11% from the stock’s previous close.

IBM has been the topic of a number of other research reports. Pacific Crest assumed coverage on shares of International Business Machines Corporation in a report on Thursday, May 18th. They set an “equal weight” rating and a $151.35 target price on the stock. BMO Capital Markets lowered their target price on shares of International Business Machines Corporation from $170.00 to $165.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. Deutsche Bank AG reissued a “hold” rating and set a $150.00 target price on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 target price on the stock in a report on Monday, May 15th. Finally, Argus reissued a “buy” rating and set a $192.00 target price (up previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, March 22nd. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $161.98.

International Business Machines Corporation (IBM) traded down 0.80% during trading on Monday, reaching $153.01. The company’s stock had a trading volume of 4,762,592 shares. The company has a market cap of $143.75 billion, a price-to-earnings ratio of 12.58 and a beta of 0.98. The stock’s 50 day moving average is $153.09 and its 200 day moving average is $166.62. International Business Machines Corporation has a 12 month low of $147.79 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, April 18th. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. International Business Machines Corporation had a net margin of 14.62% and a return on equity of 74.46%. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.37 billion. During the same quarter in the previous year, the firm posted $2.35 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Corporation will post $13.70 EPS for the current fiscal year.

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In other news, Director James W. Owens bought 1,718 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Pinnacle Bank purchased a new stake in International Business Machines Corporation during the first quarter worth $1,416,000. HighPoint Advisor Group LLC raised its stake in International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock worth $3,848,000 after buying an additional 2,209 shares in the last quarter. Nadler Financial Group Inc. raised its stake in International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock worth $452,000 after buying an additional 320 shares in the last quarter. NewSquare Capital LLC raised its stake in International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock worth $1,132,000 after buying an additional 782 shares in the last quarter. Finally, First Command Financial Services Inc. raised its stake in International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock worth $1,196,000 after buying an additional 389 shares in the last quarter. Institutional investors own 58.16% 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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