International Business Machines Corporation (NYSE:IBM) Stock Rating Lowered by BidaskClub

International Business Machines Corporation (NYSE:IBM) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, July 25th.

Several other research analysts have also recently weighed in on the stock. Vetr cut shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 price target on the stock. in a report on Monday, April 17th. Goldman Sachs Group, Inc. (The) decreased their price target on shares of International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, April 19th. Zacks Investment Research cut shares of International Business Machines Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Drexel Hamilton reissued a “buy” rating and issued a $200.00 target price on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $212.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $157.40.

International Business Machines Corporation (NYSE:IBM) remained flat at $141.84 during trading on Tuesday. The company’s stock had a trading volume of 3,004,360 shares. The firm has a market capitalization of $132.19 billion, a P/E ratio of 11.77 and a beta of 0.97. International Business Machines Corporation has a 1-year low of $141.19 and a 1-year high of $182.79. The firm’s 50 day moving average is $149.20 and its 200 day moving average is $162.50.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.95 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post $13.74 earnings per share for the current fiscal year.

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In other news, Director James W. Owens purchased 1,718 shares of International Business Machines Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of $153.19 per share, with a total value of $263,180.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Bancorpsouth Inc. increased its stake in shares of International Business Machines Corporation by 3.0% in the second quarter. Bancorpsouth Inc. now owns 20,879 shares of the technology company’s stock valued at $3,212,000 after buying an additional 614 shares during the period. Waters Parkerson & CO. LLC increased its stake in shares of International Business Machines Corporation by 5.6% in the second quarter. Waters Parkerson & CO. LLC now owns 51,644 shares of the technology company’s stock valued at $7,944,000 after buying an additional 2,747 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of International Business Machines Corporation by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,505,044 shares of the technology company’s stock valued at $385,360,000 after buying an additional 246,913 shares during the period. Virtu KCG Holdings LLC increased its stake in shares of International Business Machines Corporation by 72.7% in the second quarter. Virtu KCG Holdings LLC now owns 35,902 shares of the technology company’s stock valued at $5,523,000 after buying an additional 15,119 shares during the period. Finally, Ropes Wealth Advisors LLC increased its stake in shares of International Business Machines Corporation by 17.3% in the second quarter. Ropes Wealth Advisors LLC now owns 50,223 shares of the technology company’s stock valued at $7,726,000 after buying an additional 7,409 shares during the period. 58.73% of the stock is owned by institutional investors.

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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