International Business Machines Corporation’s (IBM) Neutral Rating Reaffirmed at Wedbush

Wedbush reissued their neutral rating on shares of International Business Machines Corporation (NYSE:IBM) in a report issued on Wednesday, August 9th. They currently have a $155.00 target price on the technology company’s stock.

A number of other equities analysts also recently commented on IBM. UBS AG reissued a neutral rating and issued a $167.00 target price (down previously from $185.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Vetr downgraded shares of International Business Machines Corporation from a buy rating to a hold rating and set a $150.68 target price on the stock. in a research note on Monday, August 7th. Royal Bank Of Canada reaffirmed a hold rating and set a $165.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, July 12th. Barclays PLC reaffirmed an underweight rating and set a $141.00 price target (down previously from $144.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Finally, BMO Capital Markets dropped their price target on shares of International Business Machines Corporation from $170.00 to $165.00 and set a market perform rating on the stock in a research note on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $157.40.

International Business Machines Corporation (NYSE IBM) traded down 0.71% during mid-day trading on Wednesday, hitting $139.70. 4,152,714 shares of the stock traded hands. The company has a market cap of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. The stock’s 50 day moving average is $147.30 and its 200-day moving average is $161.22. International Business Machines Corporation has a 12 month low of $139.58 and a 12 month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS 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 business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter last year, the firm posted $2.95 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.77 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.29%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is 49.88%.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of International Business Machines Corporation by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after buying an additional 2,241,818 shares during the last quarter. BlackRock Inc. boosted its stake in shares of International Business Machines Corporation by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares during the last quarter. State Street Corp boosted its stake in shares of International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after buying an additional 181,993 shares during the last quarter. Norges Bank purchased a new stake in shares of International Business Machines Corporation during the fourth quarter worth $1,366,710,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of International Business Machines Corporation by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after buying an additional 134,862 shares during the last quarter. 58.57% 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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