Published On: Mon, Sep 12th, 2016

International Business Machines Corp. (IBM) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for International Business Machines Corp. (NYSE: IBM):

9/7/2016 – International Business Machines Corp. had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $186.00 price target on the stock.
9/7/2016 – International Business Machines Corp. was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $155.84 price target on the stock.
9/3/2016 – International Business Machines Corp. had its “underperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $110.00 price target on the stock.
8/30/2016 – International Business Machines Corp. had its “underweight” rating reaffirmed by analysts at Barclays PLC.
8/29/2016 – International Business Machines Corp. was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $156.55 price target on the stock.
8/15/2016 – International Business Machines Corp. had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $186.00 price target on the stock.
8/15/2016 – International Business Machines Corp. is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.
8/8/2016 – International Business Machines Corp. had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald.
7/25/2016 – International Business Machines Corp. was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating.
7/20/2016 – International Business Machines Corp. had its “outperform” rating reaffirmed by analysts at Cowen and Company.
7/19/2016 – International Business Machines Corp. had its “hold” rating reaffirmed by analysts at JPMorgan Chase & Co..
7/19/2016 – International Business Machines Corp. had its price target raised by analysts at Citigroup Inc. from $140.00 to $160.00. They now have a “neutral” rating on the stock.
7/19/2016 – International Business Machines Corp. had its “underperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $110.00 price target on the stock.
7/19/2016 – International Business Machines Corp. had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $147.00 price target on the stock.
7/19/2016 – International Business Machines Corp. had its price target raised by analysts at Morgan Stanley from $168.00 to $182.00. They now have an “overweight” rating on the stock.
7/19/2016 – International Business Machines Corp. had its price target raised by analysts at JMP Securities from $157.00 to $172.00. They now have a “market outperform” rating on the stock.
7/19/2016 – International Business Machines Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IBM reported better-than-expected second-quarter 2016 results and maintained its full year outlook. However, both earnings and revenues fell on a year-over-year basis. In fact, this is IBM’s 17th straight quarter of revenue decline. Revenues are likely to remain affected in the near term due to the long drawn business transition to higher-growth markets that are not yielding enough to offset declines in traditional segments yet. Intensifying competition in the cloud computing & data analytics arena add to its woes. Nonetheless, IBM’s investments in cloud computing, Big Data, mobile and security have started to gain steam. In the last reported quarter, “Strategic Imperatives” revenues of $8.3 billion formed over 40% of total revenue with Cognitive solutions reporting growth of 3.5%. Also, IBM’s history of strategic acquisitions, which has increased its scale of operations globally, will bolster growth.”
7/19/2016 – International Business Machines Corp. had its price target raised by analysts at Sanford C. Bernstein from $135.00 to $140.00. They now have a “market perform” rating on the stock.
7/19/2016 – International Business Machines Corp. had its price target raised by analysts at BMO Capital Markets from $155.00 to $165.00. They now have a “market perform” rating on the stock.
7/19/2016 – International Business Machines Corp. had its price target raised by analysts at Deutsche Bank AG from $135.00 to $145.00. They now have a “hold” rating on the stock.
7/19/2016 – International Business Machines Corp. had its price target raised by analysts at Jefferies Group from $115.00 to $125.00. They now have an “underperform” rating on the stock.
7/19/2016 – International Business Machines Corp. was given a new $130.00 price target on by analysts at Societe Generale. They now have a “sell” rating on the stock.
7/19/2016 – International Business Machines Corp. had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $165.00 price target on the stock, up previously from $155.00.
7/18/2016 – International Business Machines Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $179.00 price target on the stock. According to Zacks, “We believe that IBM’s revenues are likely to be affected in the near term as the company is in the middle of a long drawn transition to higher-growth markets that are not yielding enough to offset declines in traditional segments yet. Intensifying competition in the cloud computing & data analytics arena is adding to woes. Nonetheless, IBM’s investments in cloud computing, Big Data, mobile and security and the divestitures of its loss-making units are likely to prove accretive to the top line over the long term. Also, IBM’s history of strategic acquisitions, which has increased its scale of operations globally, is a big positive. So far this year, the company has acquired over 10 companies including Optevia and Bluewolf Group. Estimates have been stable lately, ahead of the company’s second quarter 2016 earnings release. The company has an average positive earnings surprise of 3.87% in the trailing four quarters.”
7/18/2016 – International Business Machines Corp. had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co..
7/17/2016 – International Business Machines Corp. had its “sell” rating reaffirmed by analysts at Barclays PLC.
7/17/2016 – International Business Machines Corp. had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald.
7/17/2016 – International Business Machines Corp. had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $168.00 price target on the stock.
7/15/2016 – International Business Machines Corp. had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $166.00 price target on the stock.
7/15/2016 – International Business Machines Corp. had its price target raised by analysts at Barclays PLC from $125.00 to $140.00. They now have an “underweight” rating on the stock.

International Business Machines Corp. (NYSE:IBM) opened at 155.45 on Monday. The stock has a market capitalization of $148.59 billion, a PE ratio of 12.64 and a beta of 0.77. The company’s 50-day moving average is $160.69 and its 200 day moving average is $151.61. International Business Machines Corp. has a 1-year low of $116.90 and a 1-year high of $164.95.
International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.06. The company earned $20.20 billion during the quarter, compared to analysts’ expectations of $20.03 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. International Business Machines Corp.’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the business earned $3.84 EPS. Equities analysts predict that International Business Machines Corp. will post $13.51 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Monday, August 8th. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.53%.
In related news, insider Erich Clementi sold 2,984 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $159.00, for a total value of $474,456.00. Following the completion of the transaction, the insider now directly owns 22,531 shares in the company, valued at approximately $3,582,429. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert J. Picciano sold 1,922 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total transaction of $305,905.52. Following the completion of the transaction, the insider now owns 35,861 shares of the company’s stock, valued at $5,707,636.76. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
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).

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