Company Update: International Business Machines Corporation (NYSE:IBM) – IBM to Be Laggard Among DJIA Companies in 2015, Again

[at 24/7 Wall St.] – It looks like IBM will once again this year be among the Dow companies that disappoint investors, a sign of how few investors believe in the tech company’s turnaround efforts. Read more on this. International Business Machines Corporation (IBM) , valued at $132.64B, opened at $136.41. During today’s session, IBM traded between $135.72 to $139.84 and has traded between $131.65 and $176.30 over the past year. IBM shares are currently priced at 9.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.48x earnings multiple. The company pays shareholders $5.20 per share annually in dividends, yielding 3.77%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $4.82 per share, which would be $0.99 worse than the year-ago quarter and a $0.83 sequential decrease. The full-year EPS estimate is $14.93, which would be a $1.60 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.11 Billion. If reported, that would be a 8.30% decrease over the year-ago quarter. In terms of ratings, Argus upgraded IBM from Hold to Buy (Aug 26, 2015). Previously, Deutsche Bank Initiated IBM at to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $148.85, which is 9.12% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Takes Watson Deeper Into Business Computing Field Company Update: International Business Machines Corporation (NYSE:IBM) – International Business Machines Corp. Earnings: A Mixed Bag for Big Blue Company Update: International Business Machines Corporation (NYSE:IBM) – What to Look For When International Business Machines Corp. Reports Earnings