Company Update (NYSE:IBM): This rising star at IBM just signed a deal with Cisco to take on Slack, Microsoft, and Gmail

[Business Insider] – Both Cisco and IBM have been on a partnership binge lately, so it seems inevitable that the two… Read more on this. International Business Machines Corporation (IBM) , currently valued at $144.85B, started trading this morning at $148.86. A quick look at the market, the company’s stock traded between $148.68 and $151.00 with a one year range of $116.90 to $173.78. IBM (IBM) shares are currently priced at 11.00x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.04x earnings multiple for the same period. The company pays shareholders $5.60 per share annually in dividends, yielding 3.82%. According to a consensus of 19 analysts, the earnings estimate of $2.88 per share would be $0.96 worse than the year-ago quarter and a $0.55 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $13.50 would be a $1.42 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. More recently, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. With the above information in mind, readers should note that the average price target is $144.18, which is 3.14% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM & Ponemon Institute Survey Indicate Costs On Data Breach Rising Company Update: International Business Machines Corporation (NYSE:IBM) – Cisco and IBM Team Up on IoT Services Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Rising on Quantum Computer Unveil; Drexel Likes the ‘Positioning’