Market Update: International Business Machines Corporation (NYSE:IBM) – Does IBM’s CEO Deserve Her $4.5 Million Bonus?

[Benzinga] – International Business Machines Corp. (NYSE: IBM )’s stock is down 19.4 percent in the past year and more than 30 percent in the past two years. While you might think CEO Virginia “Ginni” Rometty … Read more on this. International Business Machines Corporation (IBM) , with a current value of $120.73B, started the session at $123.36. Today, shares have traded between $122.96 and $124.62 per share with the price of the stock fluctuating between $118.00 to $176.30 over the last 52 weeks. IBM shares are currently priced at 9.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.51x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $5.20 per share annually in dividends, yielding 4.24%. According to a consensus of 19 analysts, the earnings estimate of $2.08 per share 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 worse 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. In terms of ratings, 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 7.13% above than it opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Stock Gaining, Eyes China Air Pollution Business Opportunity Market Update: International Business Machines Corporation (NYSE:IBM) – The Trouble With Online Customer Reviews Market Update: International Business Machines Corporation (NYSE:IBM) – How IBM’s Watson went from ‘Jeopardy’ champ to business A.I. tool