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

International Business Machines (NYSE:IBM) has been given a $152.00 price objective by stock analysts at Societe Generale in a research note issued to investors on Friday. The firm presently has a “sell” rating on the technology company’s stock. Societe Generale’s price objective indicates a potential downside of 6.83% from the company’s previous close.

A number of other analysts have also commented on IBM. ValuEngine lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Jefferies Group reissued a “sell” rating and set a $125.00 price target on shares of International Business Machines in a research note on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price target on shares of International Business Machines in a research note on Friday, October 6th. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a research note on Friday, October 13th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price target on shares of International Business Machines in a research note on Friday, October 13th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $159.90.

Shares of International Business Machines (IBM) traded down $1.06 during mid-day trading on Friday, hitting $163.14. The stock had a trading volume of 5,031,700 shares, compared to its average volume of 5,441,711. International Business Machines has a 12-month low of $139.13 and a 12-month high of $182.79. The firm has a market capitalization of $151,570.00, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the firm posted $3.29 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. analysts forecast that International Business Machines will post 13.79 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. CKW Financial Group increased its holdings in International Business Machines by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after purchasing an additional 3 shares in the last quarter. Milestone Group Inc. increased its holdings in International Business Machines by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after purchasing an additional 8 shares in the last quarter. Hugh Johnson Advisors LLC increased its holdings in International Business Machines by 0.9% in the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after purchasing an additional 12 shares in the last quarter. Anchor Capital Advisors LLC increased its holdings in International Business Machines by 0.9% in the second quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock worth $239,000 after purchasing an additional 14 shares in the last quarter. Finally, Rench Wealth Management Inc. increased its holdings in International Business Machines by 1.0% in the second quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock worth $229,000 after purchasing an additional 14 shares in the last quarter. Institutional investors and hedge funds own 57.12% 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.

Analyst Recommendations for International Business Machines (NYSE:IBM)

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