International Business Machines Corporation (NYSE:IBM) Earns Neutral Rating from UBS AG

International Business Machines Corporation (NYSE:IBM)‘s stock had its “neutral” rating reaffirmed by equities researchers at UBS AG in a note issued to investors on Saturday, July 22nd, www.flashratings.com reports. They presently have a $159.00 price objective on the technology company’s stock, down from their previous price objective of $167.00. UBS AG’s target price suggests a potential upside of 13.82% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 target price (down from $212.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $168.00 price objective (down from $170.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Argus reissued a “buy” rating and issued a $175.00 price objective (down from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $157.40.

International Business Machines Corporation (NYSE:IBM) traded down 0.71% on Friday, reaching $139.70. 4,152,714 shares of the company’s stock were exchanged. International Business Machines Corporation has a one year low of $139.58 and a one year high of $182.79. The stock has a market cap of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. The firm has a 50 day moving average of $147.30 and a 200-day moving average of $161.22.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. Equities research analysts forecast that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Herndon Capital Management LLC boosted its stake in shares of International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of International Business Machines Corporation during the fourth quarter worth approximately $117,000. Edge Wealth Management LLC boosted its stake in shares of International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares during the period. ETF Managers Group LLC bought a new stake in shares of International Business Machines Corporation during the second quarter worth approximately $121,000. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the period. 58.57% of the stock is owned by institutional investors and hedge funds.

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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