International Business Machines (NYSE:IBM) Upgraded to “Overweight” by Morgan Stanley

International Business Machines (NYSE:IBMGet Rating) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, The Fly reports.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus decreased their target price on International Business Machines from $151.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 15th. UBS Group decreased their target price on International Business Machines from $124.00 to $118.00 in a research note on Tuesday, January 25th. Zacks Investment Research lowered International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Tuesday, April 5th. StockNews.com initiated coverage on International Business Machines in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on International Business Machines in a research report on Sunday, January 9th. They issued a “neutral” rating and a $140.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.55.

Shares of NYSE IBM traded up $0.16 during mid-day trading on Wednesday, reaching $126.14. 2,972,851 shares of the company’s stock were exchanged, compared to its average volume of 5,238,022. The company’s 50-day moving average is $128.08 and its 200-day moving average is $129.16. International Business Machines has a 52-week low of $114.56 and a 52-week high of $152.84. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.88. The firm has a market capitalization of $113.44 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.18 and a beta of 1.10.

International Business Machines (NYSE:IBMGet Rating) last posted its earnings results on Monday, January 24th. The technology company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.39 by ($0.04). International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $15.96 billion. During the same period in the previous year, the company posted $2.07 EPS. International Business Machines’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that International Business Machines will post 10.09 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. IFS Advisors LLC purchased a new position in International Business Machines during the 4th quarter worth approximately $28,000. Richwood Investment Advisors LLC purchased a new position in International Business Machines during the 4th quarter worth approximately $30,000. Ulland Investment Advisors LLC purchased a new position in International Business Machines during the 4th quarter worth approximately $32,000. Total Clarity Wealth Management Inc. grew its stake in International Business Machines by 537.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after buying an additional 215 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its stake in International Business Machines by 61.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 263 shares of the technology company’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 54.91% of the company’s stock.

International Business Machines Company Profile (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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