International Business Machines Corp. (IBM) Rating Reiterated by Credit Suisse Group AG

International Business Machines Corp. (NYSE:IBM)‘s stock had its “sell” rating restated by research analysts at Credit Suisse Group AG in a research note issued to investors on Thursday. They presently have a $110.00 target price on the technology company’s stock. Credit Suisse Group AG’s price target suggests a potential downside of 32.19% from the company’s current price.

IBM has been the topic of several other reports. Vetr lowered International Business Machines Corp. from a “buy” rating to a “hold” rating and set a $157.99 target price on the stock. in a research report on Thursday, October 27th. Oppenheimer Holdings Inc. began coverage on International Business Machines Corp. in a research report on Monday, August 15th. They issued a “market perform” rating on the stock. Goldman Sachs Group Inc. cut their target price on International Business Machines Corp. from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 18th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $160.00 target price on shares of International Business Machines Corp. in a research report on Tuesday, October 18th. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of International Business Machines Corp. in a research report on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. International Business Machines Corp. has an average rating of “Hold” and a consensus target price of $156.04.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

International Business Machines Corp. (NYSE:IBM) opened at 162.22 on Thursday. The firm has a market capitalization of $154.25 billion, a PE ratio of 13.22 and a beta of 0.94. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00. The stock’s 50 day moving average price is $155.81 and its 200 day moving average price is $155.94.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. International Business Machines Corp. had a return on equity of 82.86% and a net margin of 14.75%. The company had revenue of $19.23 billion for the quarter, compared to analyst estimates of $19 billion. During the same quarter in the prior year, the company posted $3.34 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts expect that International Business Machines Corp. will post $13.50 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Thursday, November 10th will be issued a dividend of $1.40 per share. The ex-dividend date is Tuesday, November 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.45%. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.64%.

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In related news, insider Jon C. Iwata sold 19,866 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $158.63, for a total transaction of $3,151,343.58. Following the sale, the insider now owns 54,719 shares of the company’s stock, valued at $8,680,074.97. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Rhodin sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $152.31, for a total value of $152,310.00. Following the sale, the insider now directly owns 19,651 shares in the company, valued at approximately $2,993,043.81. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

A number of large investors have recently made changes to their positions in IBM. Roble Belko & Company Inc boosted its stake in shares of International Business Machines Corp. by 2.9% in the second quarter. Roble Belko & Company Inc now owns 674 shares of the technology company’s stock valued at $102,000 after buying an additional 19 shares during the last quarter. Kernodle & Katon Asset Management Group LLC boosted its stake in shares of International Business Machines Corp. by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock valued at $109,000 after buying an additional 34 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of International Business Machines Corp. during the second quarter valued at approximately $105,000. Cypress Capital Management LLC WY purchased a new stake in shares of International Business Machines Corp. during the second quarter valued at approximately $107,000. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock valued at $110,000 after buying an additional 5 shares during the last quarter. 57.23% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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