Stock Update: International Business Machines Corporation (NYSE:IBM) – MEDIA ALERT: New IBM Cloud Service Enables IT Operations to Receive and Respond to Critical App and Network Performance Alerts Faster

[PR Newswire] – ARMONK, N.Y., Dec. 22, 2015 /PRNewswire/ — IBM (NYSE: IBM ) today announced IBM Alert Notification Service , a new service on IBM Cloud which enables DevOps teams to rapidly receive and respond to early, … Read more on this. International Business Machines Corporation (IBM) , valued at $133.33B, began trading this morning at $135.88. Shares have traded today between $135.65 and $137.45 per share with a one year range of $131.65 to $176.30. IBM shares are currently priced at 9.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.24x forward p/e ratio. And for passive income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.85%. According to a consensus of 19 analysts, the earnings estimate of $4.82 per share would be $0.99 worse than the year-ago quarter and a $0.82 sequential decrease. Investors should also note that the full-year EPS estimate of $14.93 is a $1.60 worse when compared to the previous year’s annual results. 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. The average price target for IBM shares by the analysts covering it is $148.05, which is 8.96% above where the stock opened. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – New IBM Cloud Tools Accelerate Developer Use of Streaming Analytics and Data Warehouse Services on Bluemix 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