Market Update (NYSE:IBM): Man seeking to organize IBM workers in RTP — suspends union campaign

[at American City Business Journals] – Alliance@IBM is giving up the Big Blue fight. Lee Conrad, the national coordinator for the organization who often held a lone sign outside of IBM’s Research Triangle Park campus, says the union organizing campaign at IBM has been suspended. Alliance members were notified by email. Read more on this. International Business Machines Corporation (IBM) , with a current value of $130.98B, opened at $134.38. During today’s session, IBM traded between $133.62 to $135.58 and has traded between $131.65 and $176.30 over the past year. IBM shares are currently priced at 9.11x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.13x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $5.20 per share annually in dividends, yielding 3.78%. 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 $0.80 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. Recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. Given all the information above, we should disclose to readers that the average price target is $148.85, which is 10.77% above than it opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update (NYSE:IBM): What Does This New Hire Mean for International Business Machines Corp? Market Update (NYSE:IBM): Aspera Transforms Large Content Sharing and Collaboration in the Cloud With Aspera Files Market Update (NYSE:IBM): IBM Shares Could Bottom Out at Year End