International Business Machines Corporation (IBM) Now Covered by Pivotal Research

Research analysts at Pivotal Research began coverage on shares of International Business Machines Corporation (NYSE:IBM) in a research note issued to investors on Friday. The firm set a “buy” rating and a $180.00 price target on the technology company’s stock. Pivotal Research’s price objective suggests a potential upside of 17.13% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. UBS AG reissued a “hold” rating and set a $152.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Morgan Stanley reissued an “overweight” rating and set a $192.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective on the stock in a report on Monday, July 31st. Finally, Drexel Hamilton reissued a “buy” rating and set a $200.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, July 18th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $158.90.

International Business Machines Corporation (NYSE:IBM) traded up 0.05% during midday trading on Friday, hitting $153.68. The stock had a trading volume of 4,895,186 shares. The company has a 50-day moving average of $148.51 and a 200-day moving average of $150.72. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The stock has a market cap of $142.83 billion, a price-to-earnings ratio of 12.82 and a beta of 0.95.

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

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Beech Hill Advisors Inc. increased its holdings in International Business Machines Corporation by 30.7% during the 3rd quarter. Beech Hill Advisors Inc. now owns 3,409 shares of the technology company’s stock worth $495,000 after purchasing an additional 800 shares in the last quarter. Conning Inc. increased its holdings in International Business Machines Corporation by 14.2% during the 3rd quarter. Conning Inc. now owns 266,345 shares of the technology company’s stock worth $38,641,000 after purchasing an additional 33,219 shares in the last quarter. Heritage Investors Management Corp increased its holdings in International Business Machines Corporation by 1.4% during the 3rd quarter. Heritage Investors Management Corp now owns 137,539 shares of the technology company’s stock worth $19,954,000 after purchasing an additional 1,889 shares in the last quarter. Tufton Capital Management increased its holdings in International Business Machines Corporation by 1.6% during the 3rd quarter. Tufton Capital Management now owns 45,394 shares of the technology company’s stock worth $6,586,000 after purchasing an additional 717 shares in the last quarter. Finally, Enterprise Financial Services Corp increased its holdings in International Business Machines Corporation by 17.7% during the 3rd quarter. Enterprise Financial Services Corp now owns 7,036 shares of the technology company’s stock worth $1,021,000 after purchasing an additional 1,057 shares in the last quarter. 57.83% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Corporation Company Profile

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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