Stock Update: International Business Machines Corporation (NYSE:IBM) – Barcelo Viajes uses IBM Big Data and analytics solutions to better know its clients

International Business Machines Corporation (NYSE:IBM)

[PR Newswire] – MADRID, Oct. 22, 2013 /PRNewswire/ — IBM (NYSE: IBM ) today announced that it has worked with Barcelo Viajes, a leading Spanish travel company, to help them create a more competitive business model through …
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International Business Machines Corporation (IBM), with a current market cap of $189.67B, opened at $173.23.

Today, shares have traded between $172.95 and $174.65 per share with the price of the stock fluctuating between $172.57 to $215.90 over the last 52 weeks.

Priced at 10.25x this year’s forecasted earnings, IBM shares are relatively inexpensive compared to the industry’s 19.55x forward p/e ratio.

And for passive income investors, the company pays shareholders $3.80 per share annually in dividends, yielding 2.20%.

According to a consensus of 20 analysts, the earnings estimate of $6.02 per share would be $0.63 better than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $16.87 is a $1.62 better when compared to the previous year’s annual results.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $28.27 Billion. If reported, that would be a 3.52% decrease over the year-ago quarter.

Recently, UBS downgraded IBM from Buy to Neutral (Oct 17, 2013).
Previously, Barclays downgraded IBM from Overweight to Equal Weight.

When considering if the stock is under or overvalued, the average price target is $197.80, which is 14.18% 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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