International Business Machines (NYSE:IBM) received a $180.00 price target from Pivotal Research in a report released on Thursday. The brokerage currently has a “buy” rating on the technology company’s stock. Pivotal Research’s price objective points to a potential upside of 10.86% from the company’s previous close.
A number of other equities research analysts have also recently commented on the stock. Morgan Stanley increased their price objective on shares of International Business Machines to $198.00 and gave the company an “overweight” rating in a research note on Friday. Wedbush reaffirmed a “neutral” rating and set a $185.00 price target (up from $155.00) on shares of International Business Machines in a research note on Thursday. They noted that the move was a valuation call. Barclays raised shares of International Business Machines from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $133.00 to $192.00 in a research note on Wednesday. Societe Generale set a $152.00 price target on shares of International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $175.00 price target on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $164.51.
Shares of International Business Machines (NYSE:IBM) traded down $6.75 during midday trading on Thursday, reaching $162.37. 21,079,530 shares of the company were exchanged, compared to its average volume of 5,380,000. The firm has a market cap of $150,320.00, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94. International Business Machines has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.
Several hedge funds have recently made changes to their positions in IBM. Atria Investments LLC raised its holdings in International Business Machines by 12.3% in the second quarter. Atria Investments LLC now owns 22,650 shares of the technology company’s stock valued at $3,484,000 after buying an additional 2,475 shares during the period. Iberiabank Corp raised its holdings in International Business Machines by 10.1% in the second quarter. Iberiabank Corp now owns 1,618 shares of the technology company’s stock valued at $249,000 after buying an additional 149 shares during the period. Heritage Investors Management Corp raised its holdings in International Business Machines by 0.4% in the second quarter. Heritage Investors Management Corp now owns 135,650 shares of the technology company’s stock valued at $20,867,000 after buying an additional 496 shares during the period. New England Research & Management Inc. raised its holdings in International Business Machines by 62.8% in the second quarter. New England Research & Management Inc. now owns 9,853 shares of the technology company’s stock valued at $1,516,000 after buying an additional 3,800 shares during the period. Finally, Lincoln Capital LLC purchased a new position in International Business Machines in the second quarter valued at approximately $259,000. Institutional investors and hedge funds own 57.12% of the company’s stock.
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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.
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