International Business Machines Corp. (IBM) Rating Reiterated by Sanford C. Bernstein

International Business Machines Corp. (NYSE:IBM)‘s stock had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein in a research note issued on Wednesday. They presently have a $150.00 target price on the technology company’s stock. Sanford C. Bernstein’s target price suggests a potential downside of 7.58% from the stock’s previous close.

Several other research firms have also weighed in on IBM. Bank of America Corp reissued a “buy” rating and set a $200.00 price objective (up previously from $185.00) on shares of International Business Machines Corp. in a research note on Thursday, February 23rd. Wells Fargo & Co restated a “market perform” rating and set a $185.00 target price (up from $165.00) on shares of International Business Machines Corp. in a report on Wednesday, March 8th. Cowen and Company restated an “underperform” rating and set a $125.00 target price on shares of International Business Machines Corp. in a report on Wednesday, March 8th. Drexel Hamilton raised their target price on shares of International Business Machines Corp. from $186.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. Finally, Royal Bank of Canada raised their target price on shares of International Business Machines Corp. from $170.00 to $185.00 and gave the stock a “sector perform” rating in a report on Monday, March 6th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $166.83.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

Shares of International Business Machines Corp. (NYSE:IBM) opened at 162.30 on Wednesday. The firm has a market capitalization of $153.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.96. The stock has a 50 day moving average of $174.10 and a 200-day moving average of $167.58. International Business Machines Corp. has a 52 week low of $142.50 and a 52 week high of $182.79. International Business Machines Corp. also was the target of unusually large options trading activity on Tuesday. Stock traders acquired 3,300 call options on the stock. This is an increase of approximately 315% compared to the typical daily volume of 795 call options.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.37 billion. During the same quarter last year, the firm earned $2.35 EPS. International Business Machines Corp.’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts expect that International Business Machines Corp. will post $13.78 earnings per share for the current year.

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In other news, insider James J. Kavanaugh sold 559 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $178.31, for a total value of $99,675.29. Following the completion of the transaction, the insider now owns 29,856 shares of the company’s stock, valued at $5,323,623.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $179.18, for a total value of $895,900.00. Following the completion of the transaction, the insider now directly owns 20,952 shares of the company’s stock, valued at approximately $3,754,179.36. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massey Quick & Co. LLC purchased a new position in International Business Machines Corp. during the fourth quarter valued at about $108,000. Kernodle & Katon Asset Management Group LLC boosted its stake in shares of International Business Machines Corp. by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock valued at $109,000 after buying an additional 34 shares during the last quarter. Hemenway Trust Co LLC bought a new stake in shares of International Business Machines Corp. during the fourth quarter valued at approximately $110,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of International Business Machines Corp. during the fourth quarter valued at approximately $117,000. Finally, Capital Analysts LLC boosted its stake in shares of International Business Machines Corp. by 5.5% in the fourth quarter. Capital Analysts LLC now owns 726 shares of the technology company’s stock valued at $121,000 after buying an additional 38 shares during the last quarter. 58.65% of the stock is owned by institutional investors.

About International Business Machines Corp.

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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