International Business Machines Corporation (IBM) Downgraded by Vetr Inc.

International Business Machines Corporation (NYSE:IBM) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, August 7th. They currently have a $150.68 price objective on the technology company’s stock. Vetr‘s price objective would indicate a potential upside of 7.86% from the stock’s current price.

A number of other research analysts have also weighed in on IBM. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a research note on Tuesday, April 11th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $166.00 price target on shares of International Business Machines Corporation in a research note on Thursday, April 13th. Jefferies Group LLC reissued a “sell” rating and issued a $135.00 price objective (down previously from $145.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $180.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $157.40.

International Business Machines Corporation (IBM) traded down 0.71% during mid-day trading on Monday, reaching $139.70. 4,152,714 shares of the company traded hands. International Business Machines Corporation has a one year low of $139.58 and a one year high of $182.79. The stock’s 50-day moving average price is $147.30 and its 200-day moving average price is $161.22. The firm has a market cap of $130.19 billion, a PE ratio of 11.59 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same quarter in the previous year, the firm posted $2.95 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. Analysts forecast that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. boosted its stake in International Business Machines Corporation by 4.9% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 14,629 shares of the technology company’s stock valued at $2,429,000 after buying an additional 683 shares in the last quarter. Narus Financial Partners LLC purchased a new stake in International Business Machines Corporation during the fourth quarter valued at $611,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in International Business Machines Corporation during the fourth quarter valued at $9,257,000. Independent Advisor Alliance purchased a new stake in International Business Machines Corporation during the fourth quarter valued at $794,000. Finally, Archford Capital Strategies LLC boosted its stake in International Business Machines Corporation by 8.6% in the fourth quarter. Archford Capital Strategies LLC now owns 10,890 shares of the technology company’s stock valued at $1,807,000 after buying an additional 862 shares in the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.

About International Business Machines Corporation

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.

To view Vetr’s full report, visit Vetr’s official website.

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