Company Update (NYSE:IBM): Instant Analysis: IBM Acquires UStream

[at Motley Fool] – Big Blue scoops up a live-streaming specialist — much like Amazon did before it. Read more on this. International Business Machines Corporation (IBM) , currently valued at $119.55B, started the session at $121.30. During the trading session, IBM traded between $120.58 to $125.10 with a one year range of $118.00 to $176.30. Priced at 8.79x this year’s forecasted earnings, IBM shares are relatively expensive compared to the industry’s 7.89x forward p/e ratio. And for dividend hunters, the company pays shareholders $5.20 per share annually in dividends, yielding 4.06%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $2.17 per share, which would be $0.74 worse than the year-ago quarter and a $0.77 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $13.87, which would be a $1.05 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 $18.31 Billion. If realized, that would be a 6.53% 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 $132.90, which is 9.56% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update (NYSE:IBM): Is IBM Bottoming? Company Update: International Business Machines Corporation (NYSE:IBM) – IBM to Be Laggard Among DJIA Companies in 2015, Again