IBM (NYSE:IBM)‘s stock had its “buy” rating restated by Bank of America in a report issued on Wednesday. They currently have a $200.00 price target on the technology company’s stock. Bank of America’s price target would suggest a potential upside of 53.20% from the company’s previous close.

Several other equities research analysts also recently commented on the company. UBS Group raised IBM from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $180.00 in a report on Wednesday, September 26th. Zacks Investment Research downgraded IBM from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Stifel Nicolaus dropped their target price on IBM from $182.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday, July 19th. ValuEngine raised IBM from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Finally, Moffett Nathanson started coverage on IBM in a report on Thursday, October 4th. They issued a “sell” rating and a $150.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $167.39.

Shares of IBM stock opened at $130.55 on Wednesday. The firm has a market capitalization of $122.36 billion, a P/E ratio of 9.49, a PEG ratio of 1.96 and a beta of 0.87. IBM has a twelve month low of $130.04 and a twelve month high of $171.13. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.27 and a current ratio of 1.31.

IBM (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 16th. The technology company reported $3.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.40 by $0.02. IBM had a return on equity of 69.98% and a net margin of 7.12%. The company had revenue of $18.76 billion for the quarter, compared to analysts’ expectations of $19.04 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts anticipate that IBM will post 13.8 earnings per share for the current fiscal year.

In other news, insider Diane J. Gherson sold 11,451 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total transaction of $1,665,204.42. Following the transaction, the insider now directly owns 19,114 shares of the company’s stock, valued at $2,779,557.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

Large investors have recently made changes to their positions in the company. Swedbank lifted its holdings in shares of IBM by 214.6% during the third quarter. Swedbank now owns 1,123,724 shares of the technology company’s stock valued at $169,918,000 after purchasing an additional 766,478 shares in the last quarter. Coastline Trust Co lifted its holdings in shares of IBM by 14.7% during the second quarter. Coastline Trust Co now owns 19,353 shares of the technology company’s stock valued at $2,704,000 after purchasing an additional 2,475 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of IBM by 24.1% during the second quarter. Schroder Investment Management Group now owns 1,854,109 shares of the technology company’s stock valued at $259,649,000 after purchasing an additional 359,868 shares in the last quarter. Adams Asset Advisors LLC lifted its holdings in shares of IBM by 14.0% during the third quarter. Adams Asset Advisors LLC now owns 48,705 shares of the technology company’s stock valued at $7,364,000 after purchasing an additional 5,970 shares in the last quarter. Finally, Berkshire Asset Management LLC PA lifted its holdings in shares of IBM by 2.4% during the third quarter. Berkshire Asset Management LLC PA now owns 20,690 shares of the technology company’s stock valued at $3,129,000 after purchasing an additional 481 shares in the last quarter. 55.42% of the stock is currently owned by hedge funds and other institutional investors.

About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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Analyst Recommendations for IBM (NYSE:IBM)

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