International Business Machines (IBM) PT Set at $180.00 by Pivotal Research

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.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 68.39%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $5.01 EPS. analysts predict that International Business Machines will post 13.86 earnings per share for the current year.

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.

Analyst Recommendations for International Business Machines (NYSE:IBM)

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