Stock Update: International Business Machines Corporation (NYSE:IBM) – Did Warren Buffett Lose His Midas Touch With This Bad Bet?

[at TheStreet] – IBM seems to have soured. Was the Oracle of Omaha wrong to buy the stock? Read more on this. International Business Machines Corporation (IBM) , with a current value of $130.88B, opened this morning at $135.60. Looking at today’s market, IBM one day range is $134.24 to $135.91 with a trailing 52-week range being $131.65 to $176.30. Priced at 9.22x this year’s forecasted earnings, IBM shares are relatively expensive compared to the industry’s 8.13x forward p/e ratio. And for passive income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.78%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $4.82 per share, which would be $0.99 worse than the year-ago quarter and a $0.81 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $14.93 would be a $1.60 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.11 Billion. If realized, 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. Investors should keep in mind is that the average price target is $148.85, which is 9.77% 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