Company Update: International Business Machines Corporation (NYSE:IBM) – Halliburton Moves to IBM’s Cloud to Streamline Some Operations

[at TheStreet] – The move will streamline Halliburton’s oil and gas fields businsses, said Jim Comfort, chief technology officer at IBM Cloud. Read more on this. International Business Machines Corporation (IBM) , currently valued at $140.39B, opened at $144.24. During the trading session, IBM traded between $144.00 to $147.20 and has traded between $116.90 and $176.30 over the past year. IBM shares are currently priced at 10.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.02x forward p/e ratio. And for passive income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.43%. According to a consensus of 19 analysts, the earnings estimate of $2.91 per share would be $0.93 worse than the year-ago quarter and a $0.52 sequential decrease. Investors should also note that the full-year EPS estimate of $13.55 is a $1.37 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.04 Billion. If reported, that would be a 3.70% 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. Given all the information above, we should disclose to readers that the average price target is $142.50, which is 1.21% below than it opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Opens Bluemix Garage in Europe to Fuel Cloud Development Company Update: International Business Machines Corporation (NYSE:IBM) – Chumbak Selects IBM Cloud to Accelerate Business Growth Stock Update: International Business Machines Corporation (NYSE:IBM) – MEDIA ALERT: New IBM Cloud Service Enables IT Operations to Receive and Respond to Critical App and Network Performance Alerts Faster