Royal Bank Of Canada reissued their hold rating on shares of International Business Machines Corporation (NYSE:IBM) in a research note released on Wednesday. The brokerage currently has a $165.00 price target on the technology company’s stock.

Several other brokerages also recently issued reports on IBM. Morgan Stanley raised their price objective on shares of International Business Machines Corporation from $187.00 to $212.00 and gave the stock an overweight rating in a research report on Thursday, March 16th. Vetr downgraded shares of International Business Machines Corporation from a buy rating to a hold rating and set a $170.05 price objective on the stock. in a research report on Tuesday, April 4th. Berenberg Bank assumed coverage on shares of International Business Machines Corporation in a research report on Tuesday, April 4th. They set a sell rating and a $140.00 price objective on the stock. Argus reaffirmed a buy rating and issued a $192.00 target price (up previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, March 22nd. Finally, Sanford C. Bernstein reaffirmed a market perform rating and issued a $150.00 target price on shares of International Business Machines Corporation in a report on Tuesday, April 11th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $161.89.

Shares of International Business Machines Corporation (NYSE IBM) opened at 153.01 on Wednesday. International Business Machines Corporation has a 12-month low of $147.79 and a 12-month high of $182.79. The stock has a market capitalization of $143.75 billion, a price-to-earnings ratio of 12.58 and a beta of 0.98. The firm has a 50-day moving average of $153.09 and a 200 day moving average of $166.62.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.37 billion. During the same period last year, the firm posted $2.35 EPS. International Business Machines Corporation’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts forecast that International Business Machines Corporation will post $13.68 earnings per share for the current fiscal year.

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In other news, Director James W. Owens acquired 1,718 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of $153.19 per share, with a total value of $263,180.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

Several institutional investors have recently bought and sold shares of IBM. Brown Advisory Inc. raised its position in International Business Machines Corporation by 1.8% in the fourth quarter. Brown Advisory Inc. now owns 314,843 shares of the technology company’s stock worth $52,260,000 after buying an additional 5,625 shares in the last quarter. Sii Investments Inc. WI raised its position in International Business Machines Corporation by 2.5% in the fourth quarter. Sii Investments Inc. WI now owns 24,733 shares of the technology company’s stock worth $4,098,000 after buying an additional 615 shares in the last quarter. Good Life Advisors LLC purchased a new position in International Business Machines Corporation during the fourth quarter worth $220,000. Asset Management One Co. Ltd. raised its position in International Business Machines Corporation by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock worth $261,234,000 after buying an additional 1,482,372 shares in the last quarter. Finally, Stellar Capital Management LLC purchased a new position in International Business Machines Corporation during the fourth quarter worth $367,000. 58.16% of the stock is 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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