Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Set to Drop 13% in 2015

[at 24/7 Wall St.] – After underperforming the stock market for many quarters, IBM shares almost certainly will have dropped another 13% this year to $139. Read more on this. International Business Machines Corporation (IBM) , with a current market cap of $134.12B, began trading this morning at $138.43. Looking at the stock, its one day range is $138.11 to $138.88 with its 52-week range being $131.65 to $176.30. IBM (IBM) shares are currently priced at 9.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.24x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 3.85%. 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 $0.82 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $14.93 is a $1.60 setback 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. Investors should keep in mind is that the average price target is $148.85, which is 7.53% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – IBM to Be Laggard Among DJIA Companies in 2015, Again 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