Company Update: International Business Machines Corporation (NYSE:IBM) – IBM is ditching its contentious employee review system for one that employees asked for

[Business Insider] – IBM employees are being judged in an entirely new way, by a new employee review system… Read more on this. International Business Machines Corporation (IBM) , valued at $121.10B, started trading this morning at $124.40. A quick look at the market, the company’s stock traded between $123.71 and $125.29 and has traded between $118.00 and $176.30 over the past 12 months. IBM shares are currently priced at 9.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.89x 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 4.17%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $2.08 per share, which would be $0.83 worse than the year-ago quarter and a $0.86 sequential decrease. The full-year EPS estimate is $13.50 which would be a $1.42 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.24 Billion. If realized, 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. Investors should keep in mind is that the average price target is $132.15, which is 6.23% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – Chumbak Selects IBM Cloud to Accelerate Business Growth Company Update: International Business Machines Corporation (NYSE:IBM) – IBM to Be Laggard Among DJIA Companies in 2015, Again Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Takes Watson Deeper Into Business Computing Field