Company Update: International Business Machines Corporation (NYSE:IBM) – Will Groupon (GRPN) Stock Be Hurt by Patent Infringement Lawsuit?

[at TheStreet] – Groupon (GRPN) faces a lawsuit filed by IBM, which says the company has infringed on IBM’s patents. Read more on this. International Business Machines Corporation (IBM) , with a current market cap of $133.18B, started trading this morning at $137.22. Today, shares have traded between $136.07 and $137.77 per share and has traded between $116.90 and $176.30 over the past 12 months. IBM shares are currently priced at 10.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.05x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 3.94%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $2.08 per share, which would be $0.83 worse than the year-ago quarter and a $0.87 sequential decrease. Investors should also note that the full-year EPS estimate of $13.49 is a $1.43 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.25 Billion. If reported, that would be a 6.84% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. With the above information in mind, readers should note that the average price target is $131.57, which is 4.12% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Tops US Patent List, Again Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Stock Gaining, Eyes China Air Pollution Business Opportunity Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Takes Watson Deeper Into Business Computing Field