International Business Machines (IBM) Given New $198.00 Price Target at Morgan Stanley

International Business Machines (NYSE:IBM) had its price target hoisted by Morgan Stanley to $198.00 in a research note issued to investors on Friday. The firm currently has an overweight rating on the technology company’s stock.

Several other equities research analysts have also commented on IBM. Jefferies Group reiterated a sell rating and issued a $125.00 price objective on shares of International Business Machines in a research note on Thursday, September 21st. ValuEngine upgraded shares of International Business Machines from a hold rating to a buy rating in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a buy rating and issued a $182.00 price objective on shares of International Business Machines in a research note on Friday, October 6th. Royal Bank of Canada reiterated a hold rating on shares of International Business Machines in a research note on Friday, October 13th. Finally, Cantor Fitzgerald reiterated a hold rating and issued a $154.00 price objective on shares of International Business Machines in a research note on Friday, October 13th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. International Business Machines presently has an average rating of Hold and an average target price of $164.51.

International Business Machines (NYSE:IBM) traded down $6.75 on Friday, hitting $162.37. 21,110,137 shares of the company were exchanged, compared to its average volume of 5,380,000. 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 has a 12 month low of $139.13 and a 12 month high of $182.79. The firm has a market cap of $150,320.00, a price-to-earnings ratio of 13.55, a PEG ratio of 2.46 and a beta of 0.94.

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

Institutional investors have recently added to or reduced their stakes in the company. Herndon Capital Management LLC boosted its holdings in International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC boosted its holdings in International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares during the period. ETF Managers Group LLC bought a new position in International Business Machines in the 2nd quarter worth approximately $121,000. Peddock Capital Advisors LLC boosted its holdings in International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares during the period. Finally, Horan Capital Advisors LLC. bought a new position in International Business Machines in the 3rd quarter worth approximately $136,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

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About International Business Machines

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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