Stock Update: International Business Machines Corporation (NYSE:IBM) – Stodgy IBM Has Just Made Another Attempt at Getting Some Respect

[at TheStreet] – ‘Big Blue’ took one more leap this week in its long road to reinvention. Here is why the company is the most exciting but under-reported story in technology. Read more on this. International Business Machines Corporation (IBM) , valued at $146.27B, began trading this morning at $150.51. A quick look at the market, the company’s stock traded between $150.25 and $152.96 and has traded between $116.90 and $176.30 over the past 12 months. IBM (IBM) shares are currently priced at 11.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.60x earnings multiple for the same period. And for income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.48%. 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. The full-year EPS estimate is $13.49, which would be a $1.43 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.25 Billion. If realized, 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. Investors should keep in mind is that the average price target is $135.27, which is 10.13% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Opens Bluemix Garage in Europe to Fuel Cloud Development Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Stock Gaining, Eyes China Air Pollution Business Opportunity Stock Update: International Business Machines Corporation (NYSE:IBM) – As IBM Reports, Business Tech Firms Yearn To Grow