International Business Machines (NYSE:IBM – Get 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.
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.
- Get a free copy of the StockNews.com research report on International Business Machines (IBM)
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