Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Tops US Patent List, Again

[at Forbes] – Keeping up with a long tradition, IBM topped the 2015 U.S patent list, receiving 7,355 patents. That’s the 23rd year consecutive year the company occupies this position. IBM’s 2015 patent portfolio includes a broad range of cutting-edge technology, from cognitive solutions to the cloud platform, where the company is placing Read more on this. International Business Machines Corporation (IBM) , currently valued at $129.95B, opened at $133.50. During today’s session, IBM traded between $133.19 to $134.07 with its 52-week range being $131.13 to $176.30. IBM (IBM) shares are currently priced at 8.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.37x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 3.95%. According to a consensus of 19 analysts, the earnings estimate of $4.81 per share would be $1.00 worse than the year-ago quarter and a $0.78 sequential decrease. Investors should also note 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 based on a consensus revenue forecast of the current quarter of $22.07 Billion. If realized, that would be a 8.46% 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. The average price target for IBM shares by the analysts covering it is $147.75, which is 10.67% above where the stock opened. 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