International Business Machines (IBM) Given a $149.00 Price Target at Societe Generale

Societe Generale set a $149.00 price objective on International Business Machines (NYSE:IBM) in a research note released on Friday morning. The firm currently has a sell rating on the technology company’s stock.

IBM has been the subject of several other research reports. Cantor Fitzgerald restated a hold rating and set a $154.00 price target on shares of International Business Machines in a research note on Friday, October 13th. Stifel Nicolaus restated 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 restated a hold rating and set a $160.00 price target on shares of International Business Machines in a research note on Wednesday, November 15th. Barclays upgraded International Business Machines from an underweight rating to an overweight rating and upped their price target for the stock from $133.00 to $192.00 in a research note on Wednesday. Finally, Goldman Sachs Group set a $170.00 price target on International Business Machines and gave the stock a neutral rating in a research note on Wednesday, October 18th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $164.51.

International Business Machines (NYSE:IBM) traded down $6.75 during trading on Friday, hitting $162.37. The stock had a trading volume of 21,110,137 shares, compared to its average volume of 5,380,000. International Business Machines has a twelve month low of $139.13 and a twelve month high of $182.79. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The stock has a market capitalization of $150,320.00, a PE ratio of 13.55, a PEG ratio of 2.46 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 68.39% and a net margin of 7.27%. The business had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter in the prior year, the business earned $5.01 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts expect that International Business Machines will post 13.86 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Herndon Capital Management LLC increased its position in shares of International Business Machines 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 buying an additional 195 shares in the last quarter. Edge Wealth Management LLC increased its position in shares of International Business Machines 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 buying an additional 40 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of International Business Machines in the second quarter valued at $121,000. Horan Capital Advisors LLC. purchased a new position in shares of International Business Machines in the third quarter valued at $136,000. Finally, Peddock Capital Advisors LLC increased its position in shares of International Business Machines 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 buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

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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.

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