Stock Update: International Business Machines Corporation (NYSE:IBM) – Technology Leaders Join Forces to Bring an Open Acceleration Framework to Data Centers and Other Markets
May 23, 2016 at 07:00 AM EDT
[PR Newswire] – SAN JOSE, Calif., May 23, 2016 /PRNewswire/ — Advanced Micro Devices ( NASDAQ:AMD ), ARM (NASDAQ:ARMH), Huawei, IBM ( NYSE:IBM ), Mellanox (NASDAQ:MLNX), Qualcomm Technologies Inc., a subsidiary of Qualcomm … Read more on this. International Business Machines Corporation (IBM) , valued at $141.68B, opened at $147.61. During the trading session, IBM traded between $146.90 to $147.95 and has traded between $116.90 and $173.78 over the past 12 months. IBM shares are currently priced at 10.88x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.19x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $5.60 per share annually in dividends, yielding 3.80%. According to a consensus of 19 analysts, the earnings estimate of $2.88 per share would be $0.96 worse than the year-ago quarter and a $0.55 sequential decrease. The full-year EPS estimate is $13.53 which would be a $1.39 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.04 Billion. If realized, that would be a 3.70% 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 $144.05, which is 2.41% below where the stock opened. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – Scientists Discover New Technology Breakthrough in Fighting Viral Diseases Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Opens First Cloud Data Center in South Africa Company Update: International Business Machines Corporation (NYSE:IBM) – Will IBM’s Watson Group Turn Data Into Revenue?
