Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Stock Gaining, Eyes China Air Pollution Business Opportunity

[at TheStreet] – IBM stock is up as the company looks to enter a new market, forecasting air pollution levels in the world’s largest carbon emitters. Read more on this. International Business Machines Corporation (IBM) , with a current market cap of $135.70B, started the session at $138.25. Today, shares have traded between $138.20 and $139.99 per share with a one year range of $131.65 to $176.30. Priced at 9.26x this year’s forecasted earnings, IBM shares are relatively expensive compared to the industry’s 8.24x forward p/e ratio. 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 $0.81 sequential decrease. The full-year EPS estimate is $14.93 which would be a $1.60 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.11 Billion. If realized, that would be a 8.30% decrease over the year-ago quarter. More recently, 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 the stock is $148.85, which is 7.67% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – Tech giants spot opportunity in forecasting China’s smog 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