International Business Machines Corporation’s (IBM) “Hold” Rating Reaffirmed at KeyCorp

International Business Machines Corporation (NYSE:IBM)‘s stock had its “hold” rating reiterated by analysts at KeyCorp in a note issued to investors on Friday, November 3rd.

IBM has been the subject of a number of other reports. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Morgan Stanley reissued an “overweight” rating and issued a $192.00 target price on shares of International Business Machines Corporation in a research note on Wednesday, August 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $170.00 target price (up from $167.00) on shares of International Business Machines Corporation in a research note on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $158.93.

International Business Machines Corporation (NYSE IBM) opened at $147.10 on Friday. International Business Machines Corporation has a twelve month low of $139.13 and a twelve month high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $137,841.09, a P/E ratio of 10.90, a PEG ratio of 2.18 and a beta of 0.94.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same period in the prior year, the firm posted $3.29 EPS. International Business Machines Corporation’s quarterly revenue was down .4% compared to the same quarter last year. research analysts predict that International Business Machines Corporation will post 13.8 earnings per share for the current year.

International Business Machines Corporation announced that its board has initiated a share repurchase plan on Tuesday, October 31st that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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Large investors have recently added to or reduced their stakes in the stock. Herndon Capital Management LLC increased its position in shares of International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares during the last quarter. Edge Wealth Management LLC increased its position in shares of International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the last quarter. ETF Managers Group LLC acquired a new stake in shares of International Business Machines Corporation in the second quarter valued at about $121,000. Horan Capital Advisors LLC. acquired a new stake in shares of International Business Machines Corporation in the third quarter valued at about $136,000. Finally, Peddock Capital Advisors LLC increased its position in shares of International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the last quarter. 58.25% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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