Hewlett-Packard PT Set at $30.00 by BMO Capital Markets (HPQ)
Equities research analysts at BMO Capital Markets set a $30.00 target price on shares of Hewlett-Packard (NYSE:HPQ) stock in a research note issued to investors on Wednesday, AnalystRatings.Net reports. The firm currently has a a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.10% from the stock’s previous close.
The analysts wrote, “We offer a detailed analysis of Hewlett Packard’s (HP) various business segments, ahead of its quarterly conference call, in terms of both revenue growth and margin potential. In addition, we offer a top-down analysis on the impact of HP’s restructuring and the potential profit impact…We believe HP has several levers to improve its operational performance in FY2014. We believe that it can report positive EPS growth in FY2014 even with declining revenues. We model FCF to improve modestly in FY2014 to ~$7.9 billion. For the current quarter, we think HP can deliver revenues modestly above consensus and EPS of $0.88 versus consensus of $0.86.”
Shares of Hewlett-Packard (NYSE:HPQ) traded down 1.18% on Wednesday, hitting $25.535. The stock had a trading volume of 8,711,173 shares. Hewlett-Packard has a 52-week low of $11.35 and a 52-week high of $27.78. The stock has a 50-day moving average of $26.13 and a 200-day moving average of $22.70. The company’s market cap is $49.246 billion. Hewlett-Packard also was the recipient of some unusual options trading on Tuesday. Traders bought 46,291 call options on the company. This represents an increase of 156% compared to the average daily volume of 18,112 call options.
A number of other analysts have also recently weighed in on HPQ. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hewlett-Packard in a research note to investors on Tuesday. Separately, analysts at RBC Capital raised their price target on shares of Hewlett-Packard from $25.00 to $27.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Hewlett-Packard from $18.00 to $20.00 in a research note to investors on Thursday, August 15th. They now have an “underweight” rating on the stock.
Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett-Packard currently has an average rating of “Hold” and a consensus price target of $23.63.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a dividend of $0.15 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, September 9th.
Hewlett-Packard Company (NYSE:HPQ) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the Government, health and education sectors.
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