Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Launches New Initiative to Help Communities Tackle Public Health Challenges

[PR Newswire] – ARMONK, N.Y., March 15, 2016 /PRNewswire/ — IBM (NYSE: IBM ) has launched a global corporate citizenship program in which health organizations, selected through a competitive process, will receive the … Read more on this. International Business Machines Corporation (IBM) , valued at $138.48B, started trading this morning at $141.74. During today’s session, IBM traded between $141.54 to $143.33 with the price of the stock fluctuating between $116.90 to $176.30 over the last 52 weeks. IBM shares are currently priced at 10.58x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.41x forward p/e ratio. And for income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.65%. According to a consensus of 20 analysts, the earnings estimate of $2.08 per share would be $0.83 worse than the year-ago quarter and a $0.87 sequential decrease. The full-year EPS estimate is $13.49 which would be a $1.43 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.25 Billion. If realized, that would be a 6.84% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. The average price target for IBM shares is $131.57, which is 7.18% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – Chumbak Selects IBM Cloud to Accelerate Business Growth 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) – IBM Takes Watson Deeper Into Business Computing Field