Market Update (NYSE:IBM): What Does This New Hire Mean for International Business Machines Corp?

[at Motley Fool] – Can a recent hire in the Watson Health Unit help turn IBM’s fortunes around? Read more on this. International Business Machines Corporation (IBM) , valued at $133.51B, started trading this morning at $139.07. During today’s session, IBM traded between $137.57 to $139.10 with its 52-week range being $131.65 to $176.30. IBM shares are currently priced at 9.36x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.99x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 3.77%. 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 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, 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 it is $148.85, which is 7.03% above where the stock opened. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – Better Buy: Microsoft Corp. vs. IBM 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