International Business Machines Corporation (IBM) Rating Reiterated by Royal Bank Of Canada

International Business Machines Corporation (NYSE:IBM)‘s stock had its “hold” rating restated by investment analysts at Royal Bank Of Canada in a report released on Friday.

IBM has been the subject of several other reports. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Morgan Stanley reissued an “overweight” rating and set a $192.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price for the company in a research note on Monday, June 19th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. International Business Machines Corporation presently has a consensus rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same period in the prior year, the business earned $2.95 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis.

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Institutional investors and hedge funds have recently modified their holdings of the stock. SeaBridge Investment Advisors LLC increased its holdings in International Business Machines Corporation by 18.9% during the second quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after buying an additional 12,236 shares during the last quarter. Intellectus Partners LLC increased its holdings in International Business Machines Corporation by 9.8% during the first quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after buying an additional 1,496 shares during the last quarter. CKW Financial Group increased its holdings in International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after buying an additional 121 shares during the last quarter. Argus Investors Counsel Inc. increased its holdings in International Business Machines Corporation by 10.9% during the second quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after buying an additional 2,651 shares during the last quarter. Finally, SOL Capital Management CO increased its holdings in International Business Machines Corporation by 0.6% during the second quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

International Business Machines Corporation 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 Corporation (NYSE:IBM)

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