Company Update: International Business Machines Corporation (NYSE:IBM) – Lawrence Livermore National Laboratory And IBM Collaborate To Build Brain-Inspired Supercomputer

[PR Newswire] – LIVERMORE, Calif. and ARMONK, N.Y., March 29, 2016 /PRNewswire/ — Lawrence Livermore National Laboratory (LLNL) today announced it has purchased a first-of-a-kind brain-inspired supercomputing platform … Read more on this. International Business Machines Corporation (IBM) , with a current value of $142.21B, ended session yesterday at $148.40. Shares have traded today between $147.50 and $148.25 per share and has traded between $116.90 and $176.30 over the past year. IBM shares are currently priced at 11.00x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.55x forward p/e ratio. And for passive income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.51%. Consensus earnings for the current quarter by the 20 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 $0.87 sequential decrease. The full-year EPS estimate is $13.49, which would be a $1.43 better than last year. 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. Recently, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. The average price target for IBM shares is $132.52, which is 10.70% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Launches New Initiative to Help Communities Tackle Public Health Challenges 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 Takes Watson Deeper Into Business Computing Field