Company Update: International Business Machines Corporation (NYSE:IBM) – Will IBM’s Watson Group Turn Data Into Revenue?

[at Investopedia] – IBM made a major splash at CES with announcements regarding its data analytics ventures. Will it succeed? Read more on this. International Business Machines Corporation (IBM) , valued at $129.12B, opened this morning at $131.81. Shares have traded today between $131.76 and $133.67 per share with a trailing 52-week range being $131.32 to $176.30. IBM (IBM) shares are currently priced at 8.82x 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 those looking to make a return holding the stock, the company pays shareholders $5.20 per share annually in dividends, yielding 3.78%. According to a consensus of 19 analysts, the earnings estimate of $4.82 per share would be $0.99 worse than the year-ago quarter and a $0.80 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $14.93 is a $1.60 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.11 Billion. If reported, that would be a 8.30% decrease over the year-ago quarter. More recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. The average price target for IBM shares by the analysts covering the stock is $148.60, which is 12.74% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – How IBM’s Watson went from ‘Jeopardy’ champ to business A.I. tool Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Takes Watson Deeper Into Business Computing Field Market Update: International Business Machines Corporation (NYSE:IBM) – IBM’s Watson computing technology learns Japanese