Company Update: International Business Machines Corporation (NYSE:IBM) – The Weather Company, an IBM Business, Transforms Weather and Traffic Storytelling with Expansions to Max Ecosystem

[Business Wire] – No matter the conditions outside, when consumers need their local weather and traffic updates, they seek actionable information that will help them prepare for or plan their days. At the 2016 NAB Show, The Weather Company, an IBM Business , will launch a new interactive presentation tool and introduce major enhancements to the company’s industry-leading augmented reality and analytics solutions to … Read more on this. International Business Machines Corporation (IBM) , with a current market cap of $145.04B, started the session at $150.75. Today’s price range has been between $149.63 and $151.22 per share and has traded between $116.90 and $176.30 over the past 12 months. Priced at 11.08x this year’s forecasted earnings, IBM shares are relatively expensive compared to the industry’s 9.37x forward p/e ratio. And for income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.48%. 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 $0.84 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $13.50, which would be a $1.42 setback when compared to the last year’s annual results. 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. More recently, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. When considering if the stock is under or overvalued, the average price target is $136.32, which is 9.57% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – IBM to snap up Salesforce partner for $200 million 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) – IBM Takes Watson Deeper Into Business Computing Field