Market Update: International Business Machines Corporation (NYSE:IBM) – The Bullish and Bearish Case for IBM in 2016

[at 24/7 Wall St.] – 24/7 Wall St. wanted to see what the strategists and analysts on Wall Street expect for the stock market in 2016. So, what lies ahead for IBM? Read more on this. International Business Machines Corporation (IBM) , with a current market cap of $128.90B, began trading this morning at $133.46. A quick look at the market, the company’s stock traded between $132.44 and $135.02 and has traded between $131.65 and $176.30 over the past year. IBM shares are currently priced at 9.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.30x earnings multiple. 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. Furthermore, our analysis shows the full-year EPS estimate to be $14.93, which would be a $1.60 worse when compared to the last 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, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. Investors should keep in mind is that the average price target is $148.85, which is 11.53% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Stock Gaining, Eyes China Air Pollution Business Opportunity 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