International Business Machines Corporation (IBM) Earns Hold Rating from Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reissued their hold rating on shares of International Business Machines Corporation (NYSE:IBM) in a research note issued to investors on Wednesday, October 18th. Oppenheimer Holdings also issued estimates for International Business Machines Corporation’s FY2017 earnings at $13.83 EPS, Q1 2018 earnings at $2.30 EPS, Q2 2018 earnings at $2.99 EPS, Q3 2018 earnings at $3.52 EPS, Q4 2018 earnings at $5.29 EPS and FY2018 earnings at $14.08 EPS.

IBM has been the subject of a number of other reports. Stifel Nicolaus restated a buy rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Cantor Fitzgerald reiterated a hold rating and set a $154.00 price target on shares of International Business Machines Corporation in a research report on Friday, October 13th. BidaskClub upgraded International Business Machines Corporation from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Vetr upgraded International Business Machines Corporation from a sell rating to a hold rating and set a $150.26 price target for the company in a research report on Monday, July 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $170.00 price target on International Business Machines Corporation and gave the stock a neutral rating in a research report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company. International Business Machines Corporation currently has a consensus rating of Hold and a consensus price target of $158.90.

International Business Machines Corporation (NYSE IBM) traded up 0.30% on Wednesday, reaching $154.06. 2,769,923 shares of the company’s stock were exchanged. The stock has a market cap of $143.18 billion, a price-to-earnings ratio of 12.85 and a beta of 0.95. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The firm has a 50 day moving average of $147.94 and a 200-day moving average of $150.82.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $3.29 EPS. Equities research analysts forecast that International Business Machines Corporation will post $13.80 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. SeaBridge Investment Advisors LLC boosted its stake in International Business Machines Corporation by 18.9% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after purchasing an additional 12,236 shares during the period. Intellectus Partners LLC boosted its stake in International Business Machines Corporation by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after purchasing an additional 1,496 shares during the period. CKW Financial Group boosted its stake in International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after purchasing an additional 121 shares during the period. Argus Investors Counsel Inc. boosted its stake in International Business Machines Corporation by 10.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 2,651 shares during the period. Finally, SOL Capital Management CO boosted its stake in International Business Machines Corporation by 0.6% during the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 57.83% of the company’s stock.

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)

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