Cantor Fitzgerald restated their hold rating on shares of International Business Machines (NYSE:IBM) in a research note published on Friday morning. The brokerage currently has a $152.00 price objective on the technology company’s stock. Cantor Fitzgerald also issued estimates for International Business Machines’ FY2018 earnings at $13.80 EPS and FY2019 earnings at $13.99 EPS.

A number of other analysts have also recently issued reports on IBM. Wedbush reissued a neutral rating and issued a $185.00 target price (up from $155.00) on shares of International Business Machines in a research report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada reissued a buy rating and issued a $180.00 target price on shares of International Business Machines in a research report on Friday. Barclays raised International Business Machines from an underweight rating to an overweight rating and upped their target price for the company from $133.00 to $192.00 in a research report on Wednesday. Goldman Sachs Group set a $170.00 target price on International Business Machines and gave the company a neutral rating in a research report on Friday. Finally, Oppenheimer reissued a hold rating on shares of International Business Machines in a research report on Wednesday, October 18th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $164.51.

International Business Machines (NYSE:IBM) traded down $6.75 during trading hours on Friday, hitting $162.37. The stock had a trading volume of 21,110,137 shares, compared to its average volume of 5,380,000. The firm has a market cap of $150,320.00, a PE ratio of 13.55, a P/E/G ratio of 2.46 and a beta of 0.94. International Business Machines has a twelve month low of $139.13 and a twelve month high of $182.79. 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 (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a return on equity of 68.39% and a net margin of 7.27%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.01 EPS. research analysts forecast that International Business Machines will post 13.86 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of IBM. Round Table Services LLC purchased a new position in shares of International Business Machines during the 4th quarter worth approximately $445,000. Clark Estates Inc. NY raised its stake in shares of International Business Machines by 43.1% during the 4th quarter. Clark Estates Inc. NY now owns 20,566 shares of the technology company’s stock worth $3,155,000 after buying an additional 6,190 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in shares of International Business Machines by 14.3% during the 4th quarter. TRUE Private Wealth Advisors now owns 6,132 shares of the technology company’s stock worth $940,000 after buying an additional 768 shares in the last quarter. Personal Capital Advisors Corp raised its stake in shares of International Business Machines by 35.8% during the 4th quarter. Personal Capital Advisors Corp now owns 68,923 shares of the technology company’s stock worth $10,574,000 after buying an additional 18,183 shares in the last quarter. Finally, West Coast Financial LLC raised its stake in shares of International Business Machines by 3.8% during the 4th quarter. West Coast Financial LLC now owns 30,259 shares of the technology company’s stock worth $4,642,000 after buying an additional 1,117 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

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About International Business Machines

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 (NYSE:IBM)

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