Morgan Stanley Increases International Business Machines (IBM) Price Target to $198.00

International Business Machines (NYSE:IBM) had its price objective hoisted by stock analysts at Morgan Stanley to $198.00 in a research note issued to investors on Friday. The firm presently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price objective suggests a potential upside of 17.08% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reissued a “hold” rating and set a $175.00 price objective on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Wedbush reissued a “neutral” rating and set a $185.00 price objective (up from $155.00) on shares of International Business Machines in a research report on Thursday. They noted that the move was a valuation call. UBS Group reissued a “neutral” rating and set a $160.00 price objective (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Finally, Drexel Hamilton reissued a “buy” rating and set a $200.00 price objective on shares of International Business Machines in a research report on Tuesday, October 17th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $163.55.

Shares of International Business Machines (IBM) opened at $169.12 on Friday. The firm has a market cap of $156,570.00, a PE ratio of 14.12, a PEG ratio of 2.46 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. 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 released its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.01 EPS. research analysts anticipate that International Business Machines will post 13.79 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Saratoga Research & Investment Management raised its stake in International Business Machines by 2.6% during the 4th quarter. Saratoga Research & Investment Management now owns 247,270 shares of the technology company’s stock worth $37,936,000 after acquiring an additional 6,311 shares during the period. State of Alaska Department of Revenue raised its stake in International Business Machines by 106.4% during the 4th quarter. State of Alaska Department of Revenue now owns 165,946 shares of the technology company’s stock worth $25,457,000 after acquiring an additional 85,531 shares during the period. McCollum Christoferson Group LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $356,000. Syntal Capital Partners LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $225,000. Finally, Jolley Asset Management LLC raised its stake in International Business Machines by 684.9% during the 4th quarter. Jolley Asset Management LLC now owns 3,438 shares of the technology company’s stock worth $527,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other institutional investors 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.

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