Company Update (NYSE:IBM): Is IBM Bottoming?

[at TheStreet] – IBM bulls should consider the stock a relatively low-risk buy in the $133-to-$132 area. Read more on this. International Business Machines Corporation (IBM) , valued at $128.33B, began trading this morning at $133.30. A quick look at the market, the company’s stock traded between $131.93 and $133.82 with a one year range of $131.65 to $176.30. IBM shares are currently priced at 9.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.37x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $5.20 per share annually in dividends, yielding 3.78%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $4.82 per share, which would be $0.99 worse than the year-ago quarter and a $0.80 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. With the above information in mind, readers should note that the average price target is $148.85, which is 11.67% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – IBM to Be Laggard Among DJIA Companies in 2015, Again Company Update (NYSE:IBM): Will Warren Buffett’s Love for IBM Pay Off? Company Update: International Business Machines Corporation (NYSE:IBM) – International Business Machines Corp. Earnings: A Mixed Bag for Big Blue