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International Business Machines (NYSE:IBM) Stock Rating Lowered by UBS Group

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International Business Machines (NYSE:IBM) was downgraded by analysts at UBS Group from a “neutral” rating to a “sell” rating in a research note issued on Tuesday, Price Targets.com reports. They presently have a $124.00 price objective on the technology company’s stock, down from their previous price objective of $136.00. UBS Group’s price objective suggests a potential downside of 7.18% from the stock’s previous close.

A number of other analysts have also commented on IBM. Credit Suisse Group began coverage on International Business Machines in a research report on Friday, October 29th. They issued an “outperform” rating and a $172.00 target price for the company. Evercore ISI began coverage on International Business Machines in a research report on Thursday, December 2nd. They issued a “positive” rating and a $125.00 target price for the company. Stifel Nicolaus decreased their target price on International Business Machines from $151.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 15th. The Goldman Sachs Group began coverage on International Business Machines in a research report on Sunday. They issued a “neutral” rating and a $140.00 target price for the company. Finally, Jefferies Financial Group began coverage on International Business Machines in a report on Friday, October 1st. They set a “buy” rating and a $170.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $147.00.

IBM stock opened at $133.59 on Tuesday. The stock has a 50-day moving average price of $124.79 and a 200-day moving average price of $134.04. International Business Machines has a 1-year low of $114.56 and a 1-year high of $152.84. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 2.10. The firm has a market cap of $119.74 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 19th. The technology company reported $2.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.02. International Business Machines had a return on equity of 36.23% and a net margin of 6.40%. The firm had revenue of $17.62 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company posted $2.58 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts forecast that International Business Machines will post 10.31 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sphinx Trading LP purchased a new position in shares of International Business Machines in the 3rd quarter worth approximately $28,000. Financial Enhancement Group LLC boosted its stake in shares of International Business Machines by 10,000.0% in the 3rd quarter. Financial Enhancement Group LLC now owns 202 shares of the technology company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of International Business Machines by 61.3% in 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. Samalin Investment Counsel LLC purchased a new position in International Business Machines in the second quarter valued at approximately $42,000. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new position in International Business Machines in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 55.18% of the company’s stock.

International Business Machines Company Profile

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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