International Business Machines Corporation’s (IBM) Sell Rating Reiterated at Jefferies Group LLC

International Business Machines Corporation (NYSE:IBM)‘s stock had its “sell” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued on Thursday. They currently have a $125.00 price target on the technology company’s stock. Jefferies Group LLC’s price objective points to a potential downside of 14.31% from the stock’s previous close.

IBM has been the subject of a number of other research reports. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective for the company in a research note on Monday, July 3rd. ValuEngine cut shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $110.00 price objective (down previously from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. International Business Machines Corporation presently has an average rating of “Hold” and an average target price of $157.12.

International Business Machines Corporation (NYSE IBM) opened at 145.88 on Thursday. The firm has a market capitalization of $135.95 billion, a price-to-earnings ratio of 12.11 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The stock has a 50 day moving average of $143.19 and a 200 day moving average of $155.58.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the prior year, the company posted $2.95 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Corporation will post $13.76 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/21/international-business-machines-corporations-ibm-sell-rating-reiterated-at-jefferies-group-llc.html.

Large investors have recently made changes to their positions in the stock. Herndon Capital Management LLC raised its position in shares of International Business Machines Corporation by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares during the period. Edge Wealth Management LLC raised its position in shares of International Business Machines Corporation by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the period. ETF Managers Group LLC acquired a new stake in shares of International Business Machines Corporation in the 2nd quarter valued at approximately $121,000. Peddock Capital Advisors LLC raised its position in shares of International Business Machines Corporation by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the period. Finally, Horan Securities Inc. raised its position in shares of International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares during the period. Institutional investors and hedge funds own 57.87% of the company’s stock.

About International Business Machines Corporation

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.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply