Societe Generale Analysts Give International Business Machines (IBM) a $152.00 Price Target

International Business Machines (NYSE:IBM) has been assigned a $152.00 target price by Societe Generale in a note issued to investors on Friday. The firm currently has a “sell” rating on the technology company’s stock. Societe Generale’s price objective suggests a potential downside of 7.43% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. ValuEngine cut International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Jefferies Group reissued a “sell” rating and set a $125.00 price objective on shares of International Business Machines in a report on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price objective on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a report on Friday, October 13th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective on shares of International Business Machines in a report on Friday, October 13th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $159.70.

Shares of International Business Machines (NYSE IBM) opened at $164.20 on Friday. The stock has a market capitalization of $152,010.00, a PE ratio of 13.71, a PEG ratio of 2.36 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. 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 issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company posted $3.29 EPS. sell-side analysts forecast that International Business Machines will post 13.78 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Sawyer & Company Inc bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $2,019,000. American National Bank grew its position in shares of International Business Machines by 155.9% in the 4th quarter. American National Bank now owns 3,864 shares of the technology company’s stock worth $593,000 after buying an additional 2,354 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of International Business Machines by 14.2% in the 4th quarter. North Star Investment Management Corp. now owns 15,237 shares of the technology company’s stock worth $2,338,000 after buying an additional 1,897 shares during the last quarter. Trust Co grew its position in shares of International Business Machines by 1.2% in the 3rd quarter. Trust Co now owns 27,673 shares of the technology company’s stock worth $4,015,000 after buying an additional 316 shares during the last quarter. Finally, VNBTrust National Association grew its position in shares of International Business Machines by 14.1% in the 4th quarter. VNBTrust National Association now owns 16,020 shares of the technology company’s stock worth $2,458,000 after buying an additional 1,975 shares during the last quarter. 57.11% of the stock is currently owned by institutional investors and hedge funds.

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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.

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