International Business Machines (IBM) Given a $180.00 Price Target at Pivotal Research

Pivotal Research set a $180.00 price objective on International Business Machines (NYSE:IBM) in a research note published on Thursday morning. The firm currently has a buy rating on the technology company’s stock.

A number of other research analysts have also issued reports on IBM. Wedbush restated a neutral rating and set a $185.00 price objective (up previously from $155.00) on shares of International Business Machines in a research report on Thursday. They noted that the move was a valuation call. Barclays upgraded International Business Machines from an underweight rating to an overweight rating and boosted their price objective for the company from $133.00 to $192.00 in a research report on Wednesday. Oppenheimer restated a hold rating on shares of International Business Machines in a research report on Wednesday, October 18th. BMO Capital Markets reiterated a hold rating and set a $175.00 price target on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Finally, ValuEngine upgraded International Business Machines from a hold rating to a buy rating in a research report on Monday, October 2nd. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $164.51.

International Business Machines (NYSE IBM) traded down $6.75 during trading hours on Thursday, reaching $162.37. The company had a trading volume of 21,110,137 shares, compared to its average volume of 5,380,000. International Business Machines has a twelve month low of $139.13 and a twelve month high of $182.79. The firm has a market cap of $150,320.00, a price-to-earnings ratio of 13.55, a P/E/G ratio of 2.46 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 68.39% and a net margin of 7.27%. The business had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same quarter in the previous year, the firm posted $5.01 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts forecast that International Business Machines will post 13.86 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of IBM. Vanguard Group Inc. raised its stake in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of International Business Machines by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after buying an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of International Business Machines by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after buying an additional 1,249,916 shares in the last quarter. BlackRock Inc. raised its stake in shares of International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of International Business Machines by 9,678.2% in the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after buying an additional 807,553 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

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International Business Machines Company Profile

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 (NYSE:IBM)

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