International Business Machines (IBM) Given a $149.00 Price Target by Societe Generale Analysts

Societe Generale set a $149.00 target price on International Business Machines (NYSE:IBM) in a report released on Friday, January 19th. The firm currently has a sell rating on the technology company’s stock.

Several other research firms have also recently issued reports on IBM. Pivotal Research set a $180.00 price target on International Business Machines and gave the company a buy rating in a report on Thursday, January 18th. Morgan Stanley raised their target price on International Business Machines to $198.00 and gave the stock an overweight rating in a report on Friday, January 19th. Bank of America restated a buy rating and set a $200.00 target price on shares of International Business Machines in a report on Friday, January 19th. Goldman Sachs Group set a $170.00 target price on International Business Machines and gave the stock a neutral rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the stock a neutral rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $164.37.

Shares of International Business Machines (NYSE:IBM) opened at $151.40 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. The company has a market capitalization of $140,160.00, a price-to-earnings ratio of 24.78, a PEG ratio of 2.19 and a beta of 0.94. International Business Machines has a 1-year low of $139.13 and a 1-year high of $182.79.

International Business Machines (NYSE:IBM) last announced its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.01 earnings per share. research analysts expect that International Business Machines will post 13.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 9th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.96%. International Business Machines’s dividend payout ratio is currently 98.20%.

In other news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBM. Buckingham Asset Management LLC raised its holdings in International Business Machines by 63.8% in the 4th quarter. Buckingham Asset Management LLC now owns 11,053 shares of the technology company’s stock valued at $1,696,000 after acquiring an additional 4,304 shares in the last quarter. Derby & Company Inc. acquired a new position in shares of International Business Machines during the 4th quarter worth $859,000. Darrell & King LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $33,334,000. Institute for Wealth Management LLC. acquired a new position in shares of International Business Machines during the 4th quarter worth $1,279,000. Finally, Good Life Advisors LLC raised its holdings in shares of International Business Machines by 70.9% during the 4th quarter. Good Life Advisors LLC now owns 7,196 shares of the technology company’s stock worth $1,179,000 after buying an additional 2,986 shares in the last quarter. Institutional investors and hedge funds own 57.08% of the company’s stock.

WARNING: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/13/international-business-machines-ibm-pt-set-at-149-00-by-societe-generale.html.

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)

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

Leave a Reply