Market Update (NYSE:IBM): IBM Needs To Get Investors Ready For A Hard, Brave Crossover To A Cloud Model

[Benzinga] – Shares of International Business Machines Corp. (NYSE: IBM ) have declined 22.56 percent over the past six months, to a low of $131.17 on January 13. Barclays’ Mark Moskowitz has maintained an Underweight … Read more on this. International Business Machines Corporation (IBM) , valued at $129.20B, opened at $131.93. During the trading session, IBM traded between $131.22 to $133.48 with its 52-week range being $131.10 to $176.30. IBM shares are currently priced at 8.79x 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 $0.80 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $14.93, which would be a $1.60 setback when compared to the last 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. More recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. Given all the information above, we should disclose to readers that the average price target is $147.75, which is 11.99% above than it opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update (NYSE:IBM): Why IBM Is Replacing Cisco in an Equity Income Model Portfolio Market Update (NYSE:IBM): Trading IBM Stock — Get Ready for the Coming Rally in Big Blue Stock Update: International Business Machines Corporation (NYSE:IBM) – A Very Brave Analyst Upgrade of IBM After Major Weakness and a Compelling Value