Stock Update: International Business Machines Corporation (NYSE:IBM) – Why IBM Was Drawn to Bluewolf Group

[Market Realist] – Salesforce pioneered the SaaS model, a cost-effective solution for companies with limited budgets. In this effort, IBM will add Bluewolf to its portfolio. Read more on this. International Business Machines Corporation (IBM) , with a current value of $144.13B, began trading this morning at $151.43. During the trading session, IBM traded between $149.65 to $151.60 with a one year range of $116.90 to $176.30. IBM shares are currently priced at 11.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.63x earnings multiple. The company pays shareholders $5.20 per share annually in dividends, yielding 3.41%. According to a consensus of 20 analysts, the earnings estimate of $2.08 per share would be $0.83 worse than the year-ago quarter and a $0.87 sequential decrease. What we find to be interesting is 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. 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 by the analysts covering it is $136.18, which is 10.07% below where the stock opened. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – Stodgy IBM Has Just Made Another Attempt at Getting Some Respect Company Update: International Business Machines Corporation (NYSE:IBM) – Will IBM’s Watson Group Turn Data Into Revenue? Stock Update: International Business Machines Corporation (NYSE:IBM) – As IBM Reports, Business Tech Firms Yearn To Grow