Market Update on International Business Machines Corporation (NYSE:IBM) – IBM downgraded on growing threat from cloud, SaaS

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[at MarketWatch] – SAN FRANCISCO (MarketWatch) — IBM Corp. was downgraded to an equal-weight rating by Barclays on Monday morning. In a note to clients prior to the opening bell, analyst Ben Reitzes wrote of the impact …
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International Business Machines Corporation (IBM), with a current value of $199.02B, ended session yesterday at $182.01.

Today, shares have traded between $181.68 and $181.88 per share with a one year range of $181.10 to $215.90.

Priced at 10.78x this year’s forecasted earnings,
IBM shares are relatively inexpensive compared to the industry’s 18.70x forward p/e ratio.

And for passive income investors, the company pays shareholders $3.80 per share annually in dividends, yielding 2.10% .

In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $3.96 per share, which would be $0.34 better than the year-ago quarter but a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $16.89 is $1.64 improvement when compared to the previous year’s annual results.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $24.77 Billion. If realized, that would be a 0.08% increase over the year-ago quarter.

Recently, Barclays downgraded (IBM) from Overweight to Equal Weight (Oct 7, 2013).
Previously, UBS upgraded (IBM) from Neutral to Buy. Macquarie downgraded (IBM) from Outperform to Neutral.

Investors should keep in mind is that the average price target is $216.71, which is 19.06% above where the stock opened this morning.

International Business Machines Corporation (NYSE:IBM), provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, including outsourcing, process, integrated technology and technology support.

Tag Helper ~ Stock Code: IBM | Common Company name: IBM | Full Company name: International Business Machines Corporation (NYSE:IBM) .

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