International Business Machines Corporation (NYSE:IBM)‘s stock had its “market perform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a research note issued on Wednesday. They presently have a $150.00 target price on the technology company’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 5.81% from the stock’s current price.

A number of other equities research analysts have also commented on IBM. Cantor Fitzgerald reiterated a “hold” rating and issued a $166.00 price target on shares of International Business Machines Corporation in a research report on Thursday, April 13th. Vetr lowered International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 price target on the stock. in a research report on Monday, April 17th. Jefferies Group LLC reiterated a “sell” rating and issued a $135.00 price target (down previously from $145.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price target (down previously from $185.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $180.00 price target (down previously from $185.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus price target of $157.40.

International Business Machines Corporation (NYSE:IBM) traded down 0.24% during trading on Wednesday, reaching $141.77. The company’s stock had a trading volume of 2,925,737 shares. The stock has a market cap of $132.12 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97. International Business Machines Corporation has a 52-week low of $141.19 and a 52-week high of $182.79. The firm has a 50 day moving average price of $150.98 and a 200-day moving average price of $163.44.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same quarter in the previous year, the company posted $2.95 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, analysts expect that International Business Machines Corporation will post $13.74 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.dailypolitical.com/2017/08/09/international-business-machines-corporation-ibm-receives-market-perform-rating-from-sanford-c-bernstein.html.

In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of International Business Machines Corporation stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in IBM. Herndon Capital Management LLC raised its position in International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in International Business Machines Corporation during the fourth quarter valued at about $117,000. Edge Wealth Management LLC raised its position in International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares in the last quarter. Finally, Peddock Capital Advisors LLC raised its position in International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares in the last quarter. 58.73% of the stock is owned by institutional investors.

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)

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.