Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Expands Industry-Specific Cloud Consulting Services

International Business Machines Corporation (NYSE:IBM) [at noodls] – ARMONK, N.Y. – 05 Dec 2013: IBM (NYSE: IBM) today announced the expansion of its Cloud Consulting Services portfolio with a customizable cloud strategy offering for industry and line of business buyers, …
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International Business Machines Corporation (IBM), with a current value of $190.71B, started the session at $176.16.
 
Looking at the stock, its one day range is $175.30 to $176.63 with its 52-week range being $172.57 to $215.90.
 
Priced at 10.42x this year’s forecasted earnings, IBM shares are relatively inexpensive compared to the industry’s 47.87x forward p/e ratio.
 
The company pays shareholders $3.80 per share in dividend income per year, for a current yield of 2.10%.
 
According to a consensus of 21 analysts, the earnings estimate of $6.01 per share would be $0.62 better than the year-ago quarter and a $0.08 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $16.87, which would be a $1.62 better 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 $28.22 Billion. If realized, that would be a 3.69% 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 $196.33, which is 11.45% 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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