IBM Receives a Hold from Deutsche Bank

Deutsche Bank analyst Sherri Scribner reiterated a Hold rating on IBM (NYSE: IBM) yesterday. The company’s shares closed yesterday at $150.72.

According to TipRanks.com, Scribner is a 5-star analyst with an average return of 17.5% and a 70.5% success rate. Scribner covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Sanmina-Sci Corp., and TE Connectivity.

Currently, the analyst consensus on IBM is Hold and the average price target is $151.36, representing a 0.4% upside.

In a report issued on October 7, UBS also reiterated a Hold rating on the stock with a $160 price target.

IBM’s market cap is currently $144.1B and has a P/E ratio of 12.19. The company has a book value ratio of 9.1569.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Picciano, a the SVP of IBM sold 1,922 shares for a total of $305,887.