International Business Machines Corporation (NYSE:IBM) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, June 9th. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price target for the company in a report on Monday, July 10th. Drexel Hamilton reiterated a “buy” rating and issued a $200.00 price target on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Standpoint Research upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Argus reiterated a “buy” rating and issued a $175.00 price target (down previously from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $157.41.

International Business Machines Corporation (NYSE IBM) opened at 143.74 on Friday. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The firm has a 50-day moving average price of $145.84 and a 200 day moving average price of $160.04. The firm has a market capitalization of $133.96 billion, a P/E ratio of 11.93 and a beta of 0.97.

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, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post $13.76 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Herndon Capital Management LLC raised its position in 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 in the last quarter. Edge Wealth Management LLC raised its position in 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 in the last quarter. ETF Managers Group LLC acquired a new position in International Business Machines Corporation during the second quarter worth approximately $121,000. Peddock Capital Advisors LLC raised its position in International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares in the last quarter. Finally, Horan Securities Inc. raised its position in International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares in the last quarter. 57.91% of the stock is currently 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.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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