Jefferies Gives a Sell Rating to IBM

By Carrie Williams

Jefferies analyst John Difucci reiterated a Sell rating on IBM (NYSE: IBM) yesterday and set a price target of $135. The company’s shares closed yesterday at $170.05.

According to TipRanks.com, Difucci is a top 100 analyst with an average return of 14.0% and a 66.0% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Palo Alto Networks, and CommVault Systems.

Currently, the analyst consensus on IBM is Hold and the average price target is $166.75, representing a -1.9% downside.

In a report issued on April 4, Berenberg Bank also initiated coverage with a Sell rating on the stock with a $140 price target.

IBM’s market cap is currently $160.4B and has a P/E ratio of 13.98. The company has a book value ratio of 8.8153.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Diane Gherson, the SVP of IBM sold 5,000 shares for a total of $895,867.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.