International Business Machines Corp. (NYSE:IBM) – Equities researchers at Wedbush reduced their Q1 2018 EPS estimates for International Business Machines in a research report issued on Friday. Wedbush analyst M. Katri now forecasts that the technology company will post earnings of $2.17 per share for the quarter, down from their prior forecast of $2.33. Wedbush has a “Neutral” rating and a $185.00 price target on the stock. Wedbush also issued estimates for International Business Machines’ Q3 2018 earnings at $3.63 EPS and Q3 2019 earnings at $3.74 EPS.

A number of other equities research analysts have also recently weighed in on IBM. Royal Bank of Canada restated a “buy” rating and issued a $180.00 price target on shares of International Business Machines in a research note on Friday, January 19th. Barclays upgraded International Business Machines from an “underweight” rating to an “overweight” rating and increased their price target for the company from $133.00 to $192.00 in a research note on Wednesday, January 17th. Morgan Stanley cut International Business Machines from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $200.00 to $205.00 in a research note on Tuesday. Oppenheimer restated a “hold” rating on shares of International Business Machines in a research note on Wednesday, October 18th. Finally, Goldman Sachs Group set a $170.00 price target on International Business Machines and gave the company a “neutral” rating in a research note on Friday, January 19th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $164.37.

International Business Machines (NYSE IBM) traded up $3.65 during midday trading on Monday, hitting $166.25. The stock had a trading volume of 7,466,200 shares, compared to its average volume of 7,990,520. The firm has a market cap of $155,130.00, a P/E ratio of 27.21, a PEG ratio of 2.38 and a beta of 0.94. 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 12 month low of $139.13 and a 12 month high of $182.79.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating the consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.01 EPS.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC boosted its stake in International Business Machines by 11.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 12,806 shares of the technology company’s stock valued at $2,087,000 after buying an additional 1,267 shares in the last quarter. Ascension Asset Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at about $552,000. Denali Advisors LLC boosted its stake in International Business Machines by 0.3% in the fourth quarter. Denali Advisors LLC now owns 90,214 shares of the technology company’s stock valued at $13,841,000 after buying an additional 309 shares in the last quarter. Prospera Financial Services Inc boosted its stake in International Business Machines by 28.6% in the fourth quarter. Prospera Financial Services Inc now owns 4,520 shares of the technology company’s stock valued at $698,000 after buying an additional 1,005 shares in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV boosted its stake in International Business Machines by 36.2% in the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 8,855 shares of the technology company’s stock valued at $1,359,000 after buying an additional 2,355 shares in the last quarter. Institutional investors own 57.34% of the company’s stock.

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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.

Earnings History and Estimates for International Business Machines (NYSE:IBM)

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