International Business Machines (IBM) Raised to “Strong-Buy” at Vetr

Vetr upgraded shares of International Business Machines (NYSE:IBM) from a buy rating to a strong-buy rating in a report published on Wednesday, November 15th. They currently have $165.26 target price on the technology company’s stock.

IBM has been the subject of a number of other reports. BidaskClub upgraded International Business Machines from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Royal Bank Of Canada reiterated a hold rating on shares of International Business Machines in a research report on Friday, October 13th. Stifel Nicolaus reiterated a buy rating and set a $182.00 target price on shares of International Business Machines in a research report on Friday, July 21st. Morgan Stanley reiterated an overweight rating and set a $192.00 target price on shares of International Business Machines in a research report on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a market perform rating and set a $170.00 target price (up from $167.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $159.12.

International Business Machines (NYSE:IBM) opened at $154.76 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The firm has a market capitalization of $143,275.41, a P/E ratio of 11.33, a P/E/G ratio of 2.27 and a beta of 0.94. International Business Machines has a 1-year low of $139.13 and a 1-year high of $182.79.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $3.29 EPS. analysts anticipate that International Business Machines will post 13.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be given a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 3.88%. International Business Machines’s dividend payout ratio is presently 50.13%.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the period. Nordea Investment Management AB grew its stake in International Business Machines by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after purchasing an additional 1,956,033 shares during the period. Janus Henderson Group PLC grew its stake in International Business Machines by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after purchasing an additional 1,249,916 shares during the period. BlackRock Inc. grew its stake in International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares during the period. Finally, Stifel Financial Corp grew its stake in International Business Machines by 9,678.2% during the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after purchasing an additional 807,553 shares during the period. 57.31% of the stock is owned by institutional investors.

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International Business Machines 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for International Business Machines (NYSE:IBM)

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