Company Update (NYSE:IBM): IBM Signs Agreement to Acquire Aperto to Meet Growing Client Need for Digital Transformation

[PR Newswire] – ARMONK, N.Y., Feb. 2, 2016 /PRNewswire/ — IBM (NYSE: IBM ) today announced it has signed a definitive agreement to acquire Aperto – a digital agency with headquarters in Berlin. Upon completion of this … Read more on this. International Business Machines Corporation (IBM) , with a current value of $119.22B, began trading this morning at $123.67. A quick look at the market, the company’s stock traded between $122.64 and $124.14 with a one year range of $118.00 to $176.30. IBM shares are currently priced at 9.25x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.89x earnings multiple. And for income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 4.17%. Consensus earnings for the current quarter by the 19 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. The full-year EPS estimate is $13.50, which would be a $1.42 better than last year. 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. Recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. When considering if the stock is under or overvalued, the average price target is $132.15, which is 6.86% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update (NYSE:IBM): IBM Cloud Aids Shop Direct’s Path to Becoming World Class Digital Retailer Company Update (NYSE:ACN): Improving Customer Experience is Top Business Priority for Companies Pursuing Digital Transformation, According to Accenture Study Market Update (NYSE:IBM): IBM Closes Deal to Acquire Merge Healthcare