Market Update (NYSE:IBM): Munger Says Jury Is Out on Whether IBM Reinvention Will Work

[at Bloomberg] – Charles Munger, the vice chairman at Warren Buffett ’s Berkshire Hathaway Inc., said it’s too early to say how successful International Business Machines Corp. will be in reshaping its business. Read more on this. International Business Machines Corporation (IBM) , valued at $116.60B, started the session at $125.00. Looking at today’s market, IBM one day range is $119.84 to $125.29 and has traded between $118.00 and $176.30 over the past 12 months. IBM shares are currently priced at 9.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.87x earnings multiple for the same period. And for passive income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 4.04%. Consensus earnings for the current quarter by the 19 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 $0.86 sequential decrease. The full-year EPS estimate is $13.50 which would be a $1.42 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.24 Billion. If realized, that would be a 6.89% decrease over the year-ago quarter. Recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. The average price target for IBM shares by the analysts covering the stock is $132.15, which is 5.72% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – Does IBM’s CEO Deserve Her $4.5 Million Bonus? Market Update (NYSE:IBM): What Does This New Hire Mean for International Business Machines Corp? Market Update (NYSE:IBM): Aspera Transforms Large Content Sharing and Collaboration in the Cloud With Aspera Files