Company Update: International Business Machines Corporation (NYSE:IBM) – IBM and Cognitiva to Usher in a New Era of Cognitive Computing Using Watson in Latin America

[PR Newswire] – MEXICO CITY, Feb. 17, 2016 /PRNewswire/ — IBM (NYSE: IBM) and GBM Corporation, a leading IT integration company in the Central American and Caribbean region, today announced a strategic partnership to accelerate the use of IBM’s Watson cognitive computing capabilities in Latin America. GBM has created a new company, Cognitiva, for this purpose in the region. Cognitiva will be dedicated to delivering cognitive computing solutions to help clients, specifically in Spanish speaking countries, transform their industries and create data-driven businesses. Read more on this. International Business Machines Corporation (IBM) , with a current value of $121.74B, started the session at $123.71. Looking at the equity, the company’s one day range is $123.25 to $125.53 and has traded between $116.90 and $176.30 over the past 12 months. IBM (IBM) shares are currently priced at 8.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 5.51x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 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. The full-year EPS estimate is $13.50 which would be a $1.42 worse than last year’s full-year earnings. 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. In terms of ratings, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. The average price target for IBM shares by the analysts covering the stock is $132.15, which is 6.82% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – Will IBM’s Watson Group Turn Data Into Revenue? Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Takes Watson Deeper Into Business Computing Field Company Update (NYSE:IBM): Thomson Reuters and IBM Collaborate to Deliver Watson Cognitive Computing Technology