Market Update: International Business Machines Corporation (NYSE:IBM) – IBM and Japan’s Largest Stock Exchange to Test Blockchain For Trading Environments

[PR Newswire] – TOKYO, Feb. 16, 2016 /PRNewswire/ — IBM (NYSE: IBM ) and Japan Exchange Group (JPX) announced an agreement to test the potential of blockchain technology for use in trading in low transaction markets . … Read more on this. International Business Machines Corporation (IBM) , with a current value of $118.85B, opened at $121.83. Shares have traded today between $121.34 and $122.74 per share and has traded between $116.90 and $176.30 over the past year. Priced at 8.97x this year’s forecasted earnings, IBM shares are relatively expensive compared to the industry’s 5.51x forward p/e ratio. The company pays shareholders $5.20 per share annually in dividends, yielding 4.30%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $2.08 per share, which would be $0.83 worse than the year-ago quarter and a $0.86 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $13.50 would be a $1.42 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.24 Billion. If realized, that would be a 6.89% decrease over the year-ago quarter. Recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. When considering if the stock is under or overvalued, the average price target is $132.15, which is 8.47% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – One Reason IBM Stock is Falling Today Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Stock Gaining, Eyes China Air Pollution Business Opportunity Stock Update: International Business Machines Corporation (NYSE:IBM) – As IBM Reports, Business Tech Firms Yearn To Grow