IBM Common Stock (IBM) Earns Neutral Rating from Wedbush

Wedbush reissued their neutral rating on shares of IBM Common Stock (NYSE:IBM) in a report published on Thursday. The firm currently has a $185.00 target price on the technology company’s stock.

Other analysts also recently issued reports about the company. Stifel Nicolaus lowered their price target on IBM Common Stock from $182.00 to $178.00 and set a buy rating for the company in a report on Thursday. JPMorgan Chase & Co. reiterated a $149.24 rating and issued a $157.00 price target on shares of IBM Common Stock in a report on Thursday. Bank of America reiterated a buy rating and issued a $200.00 price target on shares of IBM Common Stock in a report on Thursday. Societe Generale set a $149.00 price target on IBM Common Stock and gave the company a sell rating in a report on Thursday. Finally, Morgan Stanley lowered their price target on IBM Common Stock from $198.00 to $185.00 and set a $149.24 rating for the company in a report on Thursday. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. IBM Common Stock has an average rating of Hold and a consensus price target of $167.07.

Shares of IBM Common Stock opened at $146.35 on Thursday, according to Marketbeat Ratings. IBM Common Stock has a 12-month low of $137.45 and a 12-month high of $171.13. The firm has a market capitalization of $134.34 billion, a P/E ratio of 10.61, a P/E/G ratio of 2.14 and a beta of 0.87. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.32 and a quick ratio of 1.33.

IBM Common Stock (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 18th. The technology company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.04. IBM Common Stock had a return on equity of 69.84% and a net margin of 7.13%. The firm had revenue of $20 billion during the quarter, compared to the consensus estimate of $19.85 billion. During the same period in the prior year, the firm earned $2.94 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. analysts forecast that IBM Common Stock will post 13.83 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in IBM. BlackRock Inc. grew its stake in shares of IBM Common Stock by 5.4% during the fourth quarter. BlackRock Inc. now owns 57,755,152 shares of the technology company’s stock valued at $8,860,797,000 after acquiring an additional 2,960,682 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of IBM Common Stock by 181.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,115,200 shares of the technology company’s stock valued at $477,934,000 after acquiring an additional 2,007,513 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of IBM Common Stock during the fourth quarter valued at about $247,541,000. Two Sigma Investments LP grew its stake in shares of IBM Common Stock by 5,926.1% during the fourth quarter. Two Sigma Investments LP now owns 936,632 shares of the technology company’s stock valued at $143,698,000 after acquiring an additional 921,089 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of IBM Common Stock by 3,403.4% during the fourth quarter. Millennium Management LLC now owns 657,688 shares of the technology company’s stock valued at $100,902,000 after acquiring an additional 638,915 shares in the last quarter. Institutional investors own 55.96% of the company’s stock.

About IBM Common Stock

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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Analyst Recommendations for IBM Common Stock (NYSE:IBM)

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