International Business Machines Corp. (IBM) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 165 from a previous price target of $155 . Stifel advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on International Business Machines Corp.. Company shares were Reiterated by RBC Capital Mkts on Apr 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 155 from a previous price target of $135 .Company shares were Reiterated by Morgan Stanley on Mar 31, 2016 to “Overweight”, Firm has raised the Price Target to $ 168 from a previous price target of $140 .International Business Machines Corp. was Upgraded by Morgan Stanley to ” Overweight” on Feb 18, 2016.
On the company’s financial health, International Business Machines Corp. reported $4.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 19, 2016. Analyst had a consensus of $4.81. The company had revenue of $22059.00 million for the quarter, compared to analysts expectations of $22092.92 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $5.81 EPS.
International Business Machines Corp. closed down -0.1 points or -0.07% at $149.25 with 38,46,128 shares getting traded on Monday. Post opening the session at $150.26, the shares hit an intraday low of $149.22 and an intraday high of $151.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 19, 2016, Erich Clementi (Senior Vice President) sold 2,627 shares at $133.33 per share price. According to the SEC, on Feb 18, 2016, John E Iii Kelly (Senior Vice President) sold 7,378 shares at $124.66 per share price. On Feb 18, 2016, James J Kavanaugh (Senior Vice President) sold 1,352 shares at $125.68 per share price, according to the Form-4 filing with the securities and exchange commission.
International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS) which includes Strategic Outsourcing Integrated Technology Services Cloud and Technology Support Services and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS) which offers its services across Consulting and Systems Integration Global Process Services and Application Management Services; Software which consists of middleware and operating systems software; Systems and Technology (STG) which provides infrastructure technologies and Global Financing which provides financing solutions for products or services that are critical to the end users’ business operations. Its IBM Watson Health Cloud platform collects clinical research and social data from a range of health sources and creates a cloud-based data sharing hub.