International Business Machines (IBM) Gets a Hold from Morgan Stanley
In a report released today, Erik Woodring from Morgan Stanley maintained a Hold rating on International Business Machines (IBM – Research Report), with a price target of $233.00. The company's shares closed today at $268.41.
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According to TipRanks, Woodring is a 3-star analyst with an average return of 2.4% and a 55.98% success rate. Woodring covers the Technology sector, focusing on stocks such as Apple, Seagate Tech, and Dell Technologies.
In addition to Morgan Stanley, International Business Machines also received a Hold from BMO Capital's Keith Bachman in a report issued on May 7. However, on May 15, RBC Capital maintained a Buy rating on International Business Machines (NYSE: IBM).
Based on International Business Machines' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.54 billion and a net profit of $1.06 billion. In comparison, last year the company earned a revenue of $14.46 billion and had a net profit of $1.61 billion
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.
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