International Business Machines Corporation (NYSE:IBM)‘s stock had its “hold” rating reiterated by equities research analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Wednesday.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a research note on Wednesday. Barclays PLC reaffirmed a “sell” rating and issued a $133.00 price target (up previously from $132.00) on shares of International Business Machines Corporation in a research note on Wednesday. Goldman Sachs Group, Inc. (The) set a $170.00 price target on shares of International Business Machines Corporation and gave the company a “neutral” rating in a research note on Wednesday. J P Morgan Chase & Co set a $157.00 price target on shares of International Business Machines Corporation and gave the company a “neutral” rating in a research note on Wednesday. Finally, Citigroup Inc. lifted their price target on shares of International Business Machines Corporation from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $157.51.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 9.810% during midday trading on Wednesday, hitting $160.915. 23,530,475 shares of the company traded hands. The stock has a market capitalization of $149.96 billion, a P/E ratio of 13.355 and a beta of 0.95. The stock’s 50-day moving average is $145.27 and its 200 day moving average is $151.70. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same quarter last year, the firm earned $3.29 EPS. International Business Machines Corporation’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts expect that International Business Machines Corporation will post $13.75 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the business. Bonness Enterprises Inc. boosted its holdings in shares of International Business Machines Corporation by 28.0% during the 3rd quarter. Bonness Enterprises Inc. now owns 29,464 shares of the technology company’s stock worth $4,274,000 after buying an additional 6,450 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of International Business Machines Corporation by 7.8% during the 3rd quarter. Fulton Bank N.A. now owns 21,612 shares of the technology company’s stock worth $3,136,000 after buying an additional 1,555 shares in the last quarter. Beacon Financial Group boosted its holdings in shares of International Business Machines Corporation by 40.7% during the 3rd quarter. Beacon Financial Group now owns 6,917 shares of the technology company’s stock worth $1,004,000 after buying an additional 2,000 shares in the last quarter. Curbstone Financial Management Corp boosted its holdings in shares of International Business Machines Corporation by 93.5% during the 3rd quarter. Curbstone Financial Management Corp now owns 10,386 shares of the technology company’s stock worth $1,507,000 after buying an additional 5,018 shares in the last quarter. Finally, Park National Corp OH boosted its holdings in shares of International Business Machines Corporation by 3.6% during the 3rd quarter. Park National Corp OH now owns 224,540 shares of the technology company’s stock worth $32,576,000 after buying an additional 7,756 shares in the last quarter. 57.84% 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.

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

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