IBM (IBM) Earns Neutral Rating from JPMorgan Chase

JPMorgan Chase reaffirmed their neutral rating on shares of IBM (NYSE:IBM) in a report issued on Wednesday.

A number of other research analysts also recently issued reports on IBM. Pivotal Research set a $180.00 price objective on IBM and gave the company a buy rating in a research note on Monday, April 16th. BMO Capital Markets restated a hold rating and issued a $175.00 price objective on shares of IBM in a research note on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded IBM from a sell rating to a hold rating in a research note on Wednesday, January 10th. Royal Bank of Canada restated a buy rating and issued a $180.00 price objective on shares of IBM in a research note on Friday, January 19th. Finally, Goldman Sachs set a $170.00 price objective on IBM and gave the company a neutral rating in a research note on Friday, January 19th. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $166.71.

How to Become a New Pot Stock Millionaire

Shares of IBM stock opened at $144.90 on Wednesday. The firm has a market cap of $136,056.48, a P/E ratio of 10.50, a P/E/G ratio of 2.16 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.37 and a debt-to-equity ratio of 2.21. IBM has a 12-month low of $139.13 and a 12-month high of $171.13.

IBM (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 17th. The technology company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.03. The firm had revenue of $19.07 billion during the quarter, compared to the consensus estimate of $18.80 billion. IBM had a return on equity of 69.71% and a net margin of 7.10%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. equities analysts anticipate that IBM will post 13.83 EPS for the current year.

In related news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total transaction of $780,000.00. Following the sale, the insider now owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick H. Waddell acquired 610 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, for a total transaction of $99,661.80. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Capital Management Inc. raised its holdings in shares of IBM by 71.3% in the 3rd quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock valued at $497,000 after acquiring an additional 1,425 shares in the last quarter. Adviser Investments LLC raised its holdings in shares of IBM by 8.2% in the 3rd quarter. Adviser Investments LLC now owns 12,714 shares of the technology company’s stock valued at $1,845,000 after acquiring an additional 965 shares in the last quarter. Parnassus Investments CA raised its holdings in shares of IBM by 1.6% in the 3rd quarter. Parnassus Investments CA now owns 1,637,500 shares of the technology company’s stock valued at $237,569,000 after acquiring an additional 25,500 shares in the last quarter. Sippican Capital Advisors purchased a new stake in shares of IBM in the 4th quarter valued at about $1,075,000. Finally, Oakbrook Investments LLC raised its holdings in shares of IBM by 6.0% in the 4th quarter. Oakbrook Investments LLC now owns 11,036 shares of the technology company’s stock valued at $1,693,000 after acquiring an additional 625 shares in the last quarter. 57.01% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “IBM (IBM) Earns Neutral Rating from JPMorgan Chase” was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/04/21/ibm-ibm-earns-neutral-rating-from-jpmorgan-chase.html.

IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

Analyst Recommendations for IBM (NYSE:IBM)

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

Leave a Reply