Research Analysts Set Expectations for International Business Machines Corporation's FY2018 Earnings (IBM)

Gladys Abbott
October 20, 2017

Pineno Levin & Ford Asset Mngmt Incorporated invested in 28,174 shares. The company's stock had a trading volume of 9,881,031 shares. Alkermes Plc (ALKS) has risen 47.50% since October 19, 2016 and is uptrending. It has underperformed by 32.78% the S&P500. Gotham Asset Management Ltd reported 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP).

Among 29 analysts covering International Business Machines (NYSE:IBM), 8 have Buy rating, 5 Sell and 16 Hold.

Amica Mutual Insurance Company increased Ralph Lauren Corporation (NYSE:RL) stake by 14,338 shares to 15,734 valued at $1.16M in 2017Q2. Gilead Sciences Inc now has $105.56B valuation. The stock rose 0.56% or $0.9 reaching $160.43. About 506,040 shares traded. Equity Commonwealth (NYSE:EQC) has risen 13.35% since October 18, 2016 and is uptrending. It has underperformed by 23.00% the S&P500. Short shares decreased from 20,962,448 to 20,300,346 over that timeframe. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company's stock worth $418,464,000 after buying an additional 696,600 shares during the last quarter. Oracle Corp (NYSE:ORCL) was reduced too.

Since May 16, 2017, it had 1 insider purchase, and 0 selling transactions for $263,180 activity. Old Dominion Capital Mgmt owns 4,034 shares or 0.65% of their USA portfolio.

Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 3 analysts "outperform", 16 analysts "hold", 2 analysts "underperform" and 2 analysts "sell". Therefore 33% are positive. The firm has a market capitalization of $148.67 billion, a P/E ratio of 13.24 and a beta of 0.95. On October 18 BMO Capital maintained a company rating of "Underweight" but moved down the price target to $133.00 from $147.00. The stock of Hortonworks Inc (NASDAQ:HDP) has "Buy" rating given on Monday, June 12 by Drexel Hamilton. With International Business Machines Corporation (NYSE:IBM) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. As per Wednesday, February 3, the company rating was upgraded by Needham.

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07/19/2017 - International Business Machines Corporation had its "neutral" rating reiterated by analysts at Cantor Fitzgerald. The rating was maintained by Argus Research with "Buy" on Friday, July 21.

In the market the company is trading up by 9.62% percent from yesterday's close. (NASDAQ:UBSI) has "Hold" rating given on Thursday, July 27 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.72 in Q2 2017. Its down 0.15, from 1.35 in 2017Q1. It worsened, as 100 investors sold IBM shares while 695 reduced holdings. 91 funds opened positions while 484 raised stakes. Nationwide Fund Advsrs stated it has 486,823 shares or 0.08% of all its holdings. South Texas Money Management Limited holds 0.02% or 3,162 shares in its portfolio. Axa holds 0.06% or 534,149 shares in its portfolio. (NYSE:IBM) or 7.35M shares. Horan Cap Advsr Lc owns 56,841 shares for 0.9% of their portfolio. Mason Street Advsr Limited Liability Company has 0% invested in Electro Scientific Industries, Inc. Winslow Evans & Crocker has 718 shares. Evermay Wealth Mngmt Ltd Liability holds 0.21% or 12,116 shares. Deutsche Bank has "Hold" rating and $145 target. (NASDAQ:ESIO). Federated Invsts Inc Pa reported 618 shares stake. (NYSE:IBM). Union National Bank Corp holds 1.61% or 30,291 shares.

Analysts await Gilead Sciences, Inc. (NASDAQ:ESIO) to report earnings on November, 7. The technology company reported $3.30 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.28 by $0.02.

A good way of assessing a public company's profitability is by looking at its Earnings per Share (EPS). International Business Machines had 101 analyst reports since July 21, 2015 according to SRatingsIntel. Therefore 65% are positive. (NYSE:IBM) on Tuesday, October 18 with "Neutral" rating. The rating was maintained by RBC Capital Markets with "Sector Perform" on Wednesday, April 19. Needham maintained Gilead Sciences, Inc. (NASDAQ:ESIO) has "Buy" rating given on Wednesday, May 11 by Needham. The stock declined 1.18% or $0.52 reaching $43.62 on the news. The ex-dividend date was Tuesday the 8th of August 2017. The rating was downgraded by Zacks on Monday, August 31 to "Hold". The company was maintained on Friday, July 14 by Stifel Nicolaus. 2,571 were accumulated by Private Harbour Inv Management & Counsel Limited Liability. It also upped Kite Realty Group Trust (NYSE:KRG) stake by 313,900 shares and now owns 949,160 shares.

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