International Business Machines Corporation (IBM) Given Neutral Rating at UBS AG

UBS AG restated their neutral rating on shares of International Business Machines Corporation (NYSE:IBM) in a research note published on Wednesday, October 18th, www.benzinga.com reports. UBS AG currently has a $160.00 target price on the technology company’s stock, up from their prior target price of $152.00.

Several other brokerages have also issued reports on IBM. BidaskClub upgraded International Business Machines Corporation from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Morgan Stanley restated an overweight rating and set a $192.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Vetr upgraded International Business Machines Corporation from a hold rating to a buy rating and set a $150.68 price target on the stock in a research note on Monday, July 31st. Drexel Hamilton reaffirmed a buy rating and set a $200.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Finally, Berenberg Bank reaffirmed a sell rating and set a $125.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $158.90.

International Business Machines Corporation (IBM) opened at 153.60 on Wednesday. The firm has a 50-day moving average price of $147.94 and a 200 day moving average price of $150.82. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The firm has a market capitalization of $142.76 billion, a P/E ratio of 12.81 and a beta of 0.95.

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, beating analysts’ consensus estimates 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 firm had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter last year, the firm earned $3.29 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Analysts forecast that International Business Machines Corporation will post $13.80 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “International Business Machines Corporation (IBM) Given Neutral Rating at UBS AG” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/27/ubs-ag-increases-international-business-machines-corporation-ibm-price-target-to-160-00.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Herndon Capital Management LLC increased its stake in International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC increased its stake in International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC bought a new stake in International Business Machines Corporation in the second quarter valued at $121,000. Peddock Capital Advisors LLC increased its stake in International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares in the last quarter. Finally, Horan Securities Inc. increased its stake in International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares in the last quarter. 57.83% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply