Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Says Kimberly –Clark Adopted Its Cloud To Create New Intelligent Facilities Management App

[Benzinga] – International Business Machines Corp. (NYSE: IBM ) revealed that the Professional division of Kimberly-Clark, has adopted its cloud to establish a new intelligent facilities management app. According to … Read more on this. International Business Machines Corporation (IBM) , currently valued at $141.39B, began trading this morning at $149.75. Today’s price range has been between $146.90 and $150.18 per share and has traded between $116.90 and $176.30 over the past 12 months. Priced at 11.12x this year’s forecasted earnings, IBM shares are relatively expensive compared to the industry’s 10.18x forward p/e ratio. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 3.50%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $2.88 per share, which would be $0.96 worse than the year-ago quarter and a $0.55 sequential decrease. The full-year EPS estimate is $13.53, which would be a $1.39 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.04 Billion. If realized, that would be a 3.70% decrease over the year-ago quarter. Recently, 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 $142.50, which is 4.84% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Announced New Cloud Unit for Its Recent Cloud Acquisitions Company Update: International Business Machines Corporation (NYSE:IBM) – Chumbak Selects IBM Cloud to Accelerate Business Growth Market Update: International Business Machines Corporation (NYSE:IBM) – CSC Embraces IBM Cloud to Accelerate Hybrid Cloud Adoption