International Business Machines (IBM) Given “Buy” Rating at Bank of America

International Business Machines (NYSE:IBM)‘s stock had its “buy” rating reissued by analysts at Bank of America in a report issued on Monday. They presently have a $200.00 price target on the technology company’s stock. Bank of America’s price target would suggest a potential upside of 34.33% from the company’s current price.

IBM has been the topic of a number of other research reports. Societe Generale set a $149.00 price target on International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 19th. Barclays upgraded 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, January 17th. Cantor Fitzgerald restated a “hold” rating and set a $152.00 price target on shares of International Business Machines in a research note on Friday, January 19th. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target on the stock in a research note on Wednesday, December 6th. Finally, Morgan Stanley downgraded International Business Machines from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $200.00 to $205.00 in a research note on Tuesday, January 23rd. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $166.01.

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International Business Machines (NYSE:IBM) opened at $148.89 on Monday. International Business Machines has a 1-year low of $139.13 and a 1-year high of $176.33. The company has a market capitalization of $137,152.70, a PE ratio of 24.37, a PEG ratio of 2.18 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. The business had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.01 EPS. sell-side analysts forecast that International Business Machines will post 13.82 earnings per share for the current year.

In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction dated Wednesday, January 31st. The stock was acquired at an average cost of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Erich Clementi sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Risk Paradigm Group LLC acquired a new position in International Business Machines during the fourth quarter worth $118,000. ETF Managers Group LLC acquired a new position in International Business Machines during the second quarter worth $121,000. Price Wealth Management Inc. acquired a new position in International Business Machines during the fourth quarter worth $122,000. Capital Analysts LLC raised its holdings in International Business Machines by 100.5% during the fourth quarter. Capital Analysts LLC now owns 1,129 shares of the technology company’s stock worth $125,000 after purchasing an additional 566 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in International Business Machines during the fourth quarter worth $126,000. 56.99% of the stock is owned by institutional investors and hedge funds.

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About International Business Machines

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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