International Business Machines (NYSE:IBM) Lowered to Buy at Vetr

Vetr lowered shares of International Business Machines (NYSE:IBM) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday, December 12th. The firm currently has $173.45 price target on the technology company’s stock.

A number of other research firms also recently commented on IBM. Berenberg Bank set a $125.00 price target on shares of International Business Machines and gave the stock a sell rating in a research report on Wednesday, October 18th. Tigress Financial reissued a buy rating on shares of International Business Machines in a research report on Friday, December 1st. Pivotal Research initiated coverage on shares of International Business Machines in a research report on Friday, October 27th. They issued a buy rating and a $180.00 target price on the stock. KeyCorp reaffirmed a hold rating on shares of International Business Machines in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reiterated a hold rating and issued a $160.00 target price on shares of International Business Machines in a research note on Wednesday, November 15th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $159.24.

International Business Machines (IBM) traded up $0.30 during trading hours on Tuesday, reaching $153.13. 2,148,879 shares of the company’s stock were exchanged, compared to its average volume of 4,277,904. The stock has a market capitalization of $141,490.00, a P/E ratio of 12.78, a P/E/G ratio of 2.23 and a beta of 0.94. International Business Machines has a 12 month low of $139.13 and a 12 month high of $182.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the business earned $3.29 EPS. The business’s revenue was down .4% on a year-over-year basis. research analysts anticipate that International Business Machines will post 13.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Thursday, November 9th. International Business Machines’s dividend payout ratio is presently 50.08%.

A number of institutional investors have recently added to or reduced their stakes in the business. Herndon Capital Management LLC lifted its stake in shares of International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the period. Edge Wealth Management LLC raised its stake in International Business Machines by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the last quarter. ETF Managers Group LLC bought a new stake in shares of International Business Machines in the 2nd quarter worth $121,000. Horan Capital Advisors LLC. bought a new stake in shares of International Business Machines in the 3rd quarter worth $136,000. Finally, Peddock Capital Advisors LLC increased its holdings in shares of International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 57.11% 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.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

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