International Business Machines (NYSE:IBM) Given New $210.00 Price Target at Bernstein Bank

International Business Machines (NYSE:IBM) had its price objective upped by investment analysts at Bernstein Bank from $185.00 to $210.00 in a note issued to investors on Thursday. The firm currently has a “market perform” rating on the technology company’s stock. Bernstein Bank’s price objective points to a potential downside of 7.08% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. UBS Group raised their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $194.35.

International Business Machines Trading Up 1.5 %

Shares of IBM stock opened at $226.00 on Thursday. The company has a market capitalization of $207.60 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.90 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The firm has a 50-day moving average price of $203.61 and a 200 day moving average price of $186.27. International Business Machines has a twelve month low of $135.87 and a twelve month high of $226.08.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the business posted $2.18 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that International Business Machines will post 10.1 earnings per share for the current fiscal year.

Institutional Trading of International Business Machines

Several institutional investors have recently added to or reduced their stakes in IBM. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines during the first quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new position in International Business Machines during the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines during the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in International Business Machines in the fourth quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines in the second quarter valued at $36,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.