Stifel Nicolaus Reaffirms Buy Rating for International Business Machines Corporation (IBM)

International Business Machines Corporation (NYSE:IBM)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a note issued to investors on Wednesday, October 18th. They currently have a $182.00 price objective on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 18.43% from the stock’s current price.

A number of other equities research analysts have also recently commented on IBM. UBS AG reissued a “hold” rating and set a $152.00 price target on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Morgan Stanley restated an “overweight” rating and set a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective for the company in a research report on Monday, July 31st. Finally, Drexel Hamilton restated a “buy” rating and set a $200.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $158.90.



International Business Machines Corporation (NYSE IBM) traded up 0.05% on Wednesday, hitting $153.68. The company had a trading volume of 4,895,186 shares. The firm has a market capitalization of $142.83 billion, a PE ratio of 12.82 and a beta of 0.95. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The firm has a 50-day moving average price of $148.51 and a 200-day moving average price of $150.72.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the prior year, the business posted $3.29 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.80 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the business. Herndon Capital Management LLC raised its position in shares of 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 worth $107,000 after acquiring an additional 195 shares during the period. Edge Wealth Management LLC raised its position in shares of 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 worth $117,000 after acquiring an additional 40 shares during the period. ETF Managers Group LLC acquired a new position in shares of International Business Machines Corporation in the second quarter worth about $121,000. Peddock Capital Advisors LLC raised its position in shares of 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 worth $140,000 after acquiring an additional 62 shares during the period. Finally, Horan Securities Inc. raised its position in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after acquiring an additional 837 shares during the period. 57.83% of the stock is currently owned by institutional investors.

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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