Wedbush reiterated their neutral rating on shares of International Business Machines (NYSE:IBM) in a research report released on Thursday, The Fly reports. The brokerage currently has a $185.00 price target on the technology company’s stock, up from their previous price target of $155.00. Wedbush also issued estimates for International Business Machines’ Q4 2017 earnings at $5.17 EPS, Q4 2018 earnings at $5.14 EPS, FY2018 earnings at $13.92 EPS, Q4 2019 earnings at $5.28 EPS and FY2019 earnings at $14.35 EPS. The analysts noted that the move was a valuation call.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of International Business Machines from a sell rating to a hold rating in a research note on Wednesday, January 10th. BMO Capital Markets reissued a hold rating and issued a $175.00 price target on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. UBS Group reissued a neutral rating and issued a $160.00 price target (up previously from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Drexel Hamilton reissued a buy rating and issued a $200.00 price target on shares of International Business Machines in a research note on Tuesday, October 17th. Finally, ValuEngine raised shares of International Business Machines from a hold rating to a buy rating in a research note on Monday, October 2nd. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $164.09.

Shares of International Business Machines (NYSE:IBM) traded down $6.75 during midday trading on Thursday, reaching $162.37. 21,079,530 shares of the company traded hands, compared to its average volume of 5,910,000. International Business Machines has a one year low of $139.13 and a one year high of $182.79. The stock has a market cap of $150,320.00, a PE ratio of 26.57, a PEG ratio of 2.37 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 68.39%. The company had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter in the prior year, the company earned $5.01 EPS. International Business Machines’s revenue was up 3.6% compared to the same quarter last year. research analysts anticipate that International Business Machines will post 13.83 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. CKW Financial Group lifted its holdings in International Business Machines by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares in the last quarter. Milestone Group Inc. lifted its holdings in International Business Machines by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after buying an additional 8 shares in the last quarter. Hugh Johnson Advisors LLC lifted its holdings in International Business Machines by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after buying an additional 12 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in International Business Machines by 0.9% during the 2nd quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock worth $239,000 after buying an additional 14 shares in the last quarter. Finally, Rench Wealth Management Inc. lifted its holdings in International Business Machines by 1.0% during the 2nd quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock worth $229,000 after buying an additional 14 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.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

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