Company Update (NYSE:IBM): IBM ‘Watson’ Meets Golf Legend Tom Watson In New TV Ads Around The Masters

[at Forbes] – As part of the Masters, IBM rolls out a new series of the “Watson & Me” ads this time featuring two-time Masters winner Tom Watson. Read more on this. International Business Machines Corporation (IBM) , valued at $142.45B, began trading this morning at $149.07. Today, shares have traded between $148.00 and $149.60 per share and has traded between $116.90 and $176.30 over the past 12 months. IBM shares are currently priced at 11.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.39x forward p/e ratio. The company pays shareholders $5.20 per share annually in dividends, yielding 3.42%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $13.49, which would be a $1.43 worse when compared to the last 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 is $136.18, which is 8.65% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update (NYSE:IBM): IBM Watson Health Companies Awarded Five Best in KLAS Designations Company Update: International Business Machines Corporation (NYSE:IBM) – Will IBM’s Watson Group Turn Data Into Revenue? Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Takes Watson Deeper Into Business Computing Field