Company Update: International Business Machines Corporation (NYSE:IBM) – Chumbak Selects IBM Cloud to Accelerate Business Growth

[PR Newswire] – ARMONK, N.Y. and BANGALORE, India, Jan. 25, 2016 /PRNewswire/ — IBM (NYSE: IBM ) today announced that Chumbak, India’s leading retailer of lifestyle products, has selected IBM Cloud to ensure seamless … Read more on this. International Business Machines Corporation (IBM) , with a current market cap of $119.09B, began trading this morning at $122.10. Looking at the stock, its one day range is $121.95 to $124.23 with its 52-week range being $118.00 to $176.30. IBM shares are currently priced at 9.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.89x earnings multiple for the same period. The company pays shareholders $5.20 per share annually in dividends, yielding 4.24%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.08 per share, which would be $0.83 worse than the year-ago quarter and a $0.86 sequential decrease. Investors should also note that the full-year EPS estimate of $13.50 is a $1.42 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.24 Billion. If reported, that would be a 6.89% 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 $132.15, which is 8.23% above than it opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – CSC Embraces IBM Cloud to Accelerate Hybrid Cloud Adoption Company Update: International Business Machines Corporation (NYSE:IBM) – Uganda’s Infinity Computers Awards Services and Cloud Deal To IBM Stock Update: International Business Machines Corporation (NYSE:IBM) – New IBM Cloud Tools Accelerate Developer Use of Streaming Analytics and Data Warehouse Services on Bluemix
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.