Several brokerages have updated their recommendations and price targets on shares of International Business Machines Corporation (NYSE: IBM) in the last few weeks:

  • 10/27/2017 – International Business Machines Corporation is now covered by analysts at Pivotal Research. They set a “buy” rating and a $180.00 price target on the stock.
  • 10/24/2017 – International Business Machines Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $164.53 price target on the stock.
  • 10/19/2017 – International Business Machines Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $160.68 price target on the stock.
  • 10/18/2017 – International Business Machines Corporation was given a new $125.00 price target on by analysts at Berenberg Bank. They now have a “sell” rating on the stock.
  • 10/18/2017 – International Business Machines Corporation had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $170.00 price target on the stock, up previously from $167.00.
  • 10/18/2017 – International Business Machines Corporation had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $160.00 price target on the stock, up previously from $152.00.
  • 10/18/2017 – International Business Machines Corporation had its price target raised by analysts at Citigroup Inc. from $160.00 to $165.00. They now have a “neutral” rating on the stock.
  • 10/18/2017 – International Business Machines Corporation was given a new $157.00 price target on by analysts at J P Morgan Chase & Co. They now have a “neutral” rating on the stock.
  • 10/18/2017 – International Business Machines Corporation was given a new $170.00 price target on by analysts at Goldman Sachs Group, Inc. (The). They now have a “neutral” rating on the stock.
  • 10/18/2017 – International Business Machines Corporation had its price target raised by analysts at Barclays PLC from $132.00 to $133.00. They now have an “underweight” rating on the stock.
  • 10/18/2017 – International Business Machines Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $182.00 price target on the stock.
  • 10/18/2017 – International Business Machines Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 10/18/2017 – International Business Machines Corporation was given a new $150.00 price target on by analysts at Sanford C. Bernstein. They now have a “neutral” rating on the stock.
  • 10/17/2017 – International Business Machines Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “IBM’s focus on “Strategic Imperatives” is anticipated to drive top-line growth in the long haul. However, third-quarter revenue guidance reflects negative impact from seasonality, which is anticipated to be partially neutralized by higher contributions from the new Mainframe z14 product and services contracts. Despite sluggish revenue growth projections in the near term, IBM maintained 2017 earnings guidance suggesting improving strength in cloud, mobile, security and social products as well as cost savings. The company’s expanding footprint in the rapidly growing blockchain market is positive in our view. Moreover, IBM’s solid patent portfolio is a key catalyst. On a year-to-date basis, the company has outperformed the industry it belongs to. However, intensifying competition in most of the markets remains a major concern. Notably, estimates have been going down ahead of the company's Q3 earnings release.”
  • 10/17/2017 – International Business Machines Corporation had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $200.00 price target on the stock.
  • 10/13/2017 – International Business Machines Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 10/13/2017 – International Business Machines Corporation had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $154.00 price target on the stock. They wrote, “3Q17 preview: We expect a revenue decline in the period. Our 3Q17 revenue estimate is $18.62 bn (-3.2% y/y, -3% cc), vs. the FactSet consensus of $18.60 bn. Our EPS estimate is $3.29 vs. the consensus of $3.28.””
  • 10/6/2017 – International Business Machines Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $182.00 price target on the stock.
  • 10/2/2017 – International Business Machines Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/21/2017 – International Business Machines Corporation had its “sell” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $125.00 price target on the stock.
  • 9/15/2017 – International Business Machines Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/5/2017 – International Business Machines Corporation had its “hold” rating reaffirmed by analysts at UBS AG. They now have a $152.00 price target on the stock.

International Business Machines Corporation (NYSE IBM) opened at 154.06 on Wednesday. The firm has a market cap of $143.18 billion, a PE ratio of 12.85 and a beta of 0.95. The company’s 50-day moving average is $149.10 and its 200 day moving average is $150.35. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.29 EPS. Equities analysts anticipate that International Business Machines Corporation will post $13.80 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 3.89%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 50.13%.

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.

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