Cantor Fitzgerald restated their hold rating on shares of International Business Machines (NYSE:IBM) in a research note issued to investors on Friday morning. They currently have a $152.00 price objective on the technology company’s stock. Cantor Fitzgerald also issued estimates for International Business Machines’ FY2018 earnings at $13.80 EPS and FY2019 earnings at $13.99 EPS.

IBM has been the subject of a number of other research reports. Stifel Nicolaus reiterated a buy rating and set a $182.00 target price on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada reiterated a hold rating and set a $160.00 target price on shares of International Business Machines in a report on Wednesday, November 15th. Barclays upgraded International Business Machines from an underweight rating to an overweight rating and boosted their target price for the stock from $133.00 to $192.00 in a report on Wednesday, January 17th. Societe Generale set a $149.00 target price on International Business Machines and gave the stock a sell rating in a report on Friday. Finally, Goldman Sachs Group set a $170.00 price target on International Business Machines and gave the stock a neutral rating in a research report on Wednesday, October 18th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $164.09.

Shares of International Business Machines (NYSE IBM) opened at $162.37 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. International Business Machines has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The stock has a market capitalization of $150,320.00, a PE ratio of 26.57, a PEG ratio of 2.37 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter in the previous year, the business earned $5.01 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. research analysts expect that International Business Machines will post 13.83 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in IBM. Herndon Capital Management LLC raised its position in shares of International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC raised its position in shares of International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at approximately $121,000. Horan Capital Advisors LLC. acquired a new position in shares of International Business Machines in the 3rd quarter valued at approximately $136,000. Finally, Peddock Capital Advisors LLC raised its position in shares of International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares in the last quarter. 57.34% of the stock is currently owned by institutional investors.

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About International Business Machines

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 (NYSE:IBM)

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