Vetr upgraded shares of International Business Machines Corporation (NYSE:IBM) from a buy rating to a strong-buy rating in a research note published on Wednesday morning. They currently have $165.26 price objective on the technology company’s stock.

IBM has been the topic of a number of other research reports. Stifel Nicolaus reaffirmed a buy rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Cantor Fitzgerald reaffirmed a hold rating and issued a $154.00 price objective on shares of International Business Machines Corporation in a research note on Friday, October 13th. BidaskClub raised International Business Machines Corporation from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Goldman Sachs Group, Inc. (The) set a $170.00 price objective on International Business Machines Corporation and gave the stock a neutral rating in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada reissued a hold rating and set a $160.00 target price on shares of International Business Machines Corporation in a research report on Wednesday. Eight research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $158.93.

International Business Machines Corporation (NYSE:IBM) traded down $0.15 during trading hours on Wednesday, reaching $148.97. The company’s stock had a trading volume of 4,865,373 shares, compared to its average volume of 4,928,577. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a market cap of $137,915.09, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the previous year, the company posted $3.29 EPS. The company’s revenue was down .4% compared to the same quarter last year. equities research analysts expect that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio is currently 50.13%.

A number of large investors have recently made changes to their positions in the stock. Coastline Trust Co increased its position in International Business Machines Corporation by 8.9% during the 3rd quarter. Coastline Trust Co now owns 16,353 shares of the technology company’s stock valued at $2,373,000 after buying an additional 1,340 shares in the last quarter. Truepoint Inc. increased its position in International Business Machines Corporation by 14,198.1% during the 3rd quarter. Truepoint Inc. now owns 499,003 shares of the technology company’s stock valued at $499,000 after buying an additional 495,513 shares in the last quarter. Garde Capital Inc. acquired a new position in International Business Machines Corporation during the 3rd quarter valued at about $789,000. Archford Capital Strategies LLC increased its position in International Business Machines Corporation by 6.0% during the 3rd quarter. Archford Capital Strategies LLC now owns 13,954 shares of the technology company’s stock valued at $2,024,000 after buying an additional 794 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC increased its position in International Business Machines Corporation by 785.2% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 43,739 shares of the technology company’s stock valued at $6,346,000 after buying an additional 38,798 shares in the last quarter. 58.25% of the stock is currently owned by institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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