International Business Machines (NYSE: IBM – Get an Evaluation) was upgraded by Morgan Stanley analysts from an “equal weight” rating to an “overweight” rating in a research report released Wednesday, reports The Fly.
Several other stock analysts have also published reports on the company. Stifel Nicolaus lowered his price target on International Business Machines from $151.00 to $145.00 and set a “buy” rating on the stock in a Wednesday, Dec. 15 research note. UBS Group reduced its price target on International Business Machines from $124.00 to $118.00 in a Tuesday, January 25 research note. Zacks Investment Research has downgraded International Business Machines from a “buy” rating to a “hold” rating and has set a price target of $140.00 for the stock. in a research report on Tuesday, April 5. StockNews.com launched coverage on International Business Machines in a research report on Thursday, March 31. They issued a “buy” rating on the stock. Finally, the Goldman Sachs group launched coverage on International Business Machines in a research report on Sunday, January 9. They issued a “neutral” rating and a price target of $140.00 on the stock. One stock research analyst gave the stock a sell rating, five gave the company a hold rating and six gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.55.
Shares of NYSE IBM traded up $0.16 at midday Wednesday, hitting $126.14. 2,972,851 shares of the company were traded, against an average volume of 5,238,022. The company’s 50-day moving average is $128.08 and its 200-day moving average is $129.16. International Business Machines has a 52-week low of $114.56 and a 52-week high of $152.84. The company has a debt ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.88. The company has a market capitalization of $113.44 billion, a price/earnings ratio of 19.86, a PEG ratio of 1.18 and a beta of 1.10.
International Business Machines (NYSE:IBM – Get Rating) last released its results on Monday, January 24. The technology company reported earnings per share (EPS) of $3.35 for the quarter, missing Thomson Reuters’ consensus estimate of $3.39 per ($0.04). International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The company posted revenue of $16.70 billion for the quarter, versus analyst estimates of $15.96 billion. During the same period a year earlier, the company posted EPS of $2.07. International Business Machines revenue increased 6.5% year-over-year. As a group, stock analysts predict International Business Machines will post earnings per share of 10.09 for the current fiscal year.
Large investors have recently increased or reduced their stakes in the stock. IFS Advisors LLC bought a new position in International Business Machines during Q4 for a value of approximately $28,000. Richwood Investment Advisors LLC bought a new position in International Business Machines during Q4 for a value of approximately $30,000. Ulland Investment Advisors LLC bought a new position in International Business Machines during Q4 for a value of approximately $32,000. Total Clarity Wealth Management Inc. increased its stake in International Business Machines by 537.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company worth $34,000 after buying 215 additional shares in the last quarter. Finally, Simon Quick Advisors LLC increased its stake in International Business Machines by 61.3% in the 3rd quarter. Simon Quick Advisors LLC now owns 263 shares of the technology company worth $36,000 after buying 100 more shares in the last quarter. Hedge funds and other institutional investors hold 54.91% of the company’s shares.
International Business Machines Company Profile (Get an evaluation)
International Business Machines Corporation provides integrated solutions and services worldwide. The Company operates through four business segments: Software, Consulting, Infrastructure and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open source solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.
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