Traders Buy Large Volume of Hewlett-Packard Call Options (HPQ)
Shares of Hewlett-Packard (NYSE:HPQ) saw some unusual options trading on Thursday. Stock traders acquired 48,990 call options on the stock, American Banking & Market News reports. This represents an increase of 110% compared to the typical daily volume of 23,312 call options.
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald initiated coverage on shares of Hewlett-Packard (NYSE:HPQ) in a research note to investors on Thursday. They set a “hold” rating and a $20.00 price target on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard (NYSE:HPQ) in a research note to investors on Tuesday. Finally, analysts at UBS AG cut their price target on shares of Hewlett-Packard (NYSE:HPQ) from $28.00 to $24.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock.
Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $23.03.
Shares of Hewlett-Packard (NYSE:HPQ) traded down 0.14% on Friday, hitting $21.28. 4,626,624 shares of the company’s stock traded hands. Hewlett-Packard has a 52 week low of $11.35 and a 52 week high of $27.78. The stock’s 50-day moving average is $24. and its 200-day moving average is $23.3. The company’s market cap is $40.896 billion.
Hewlett-Packard (NYSE:HPQ) last released its earnings data on Wednesday, August 21st. The company reported $0.86 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.86. The company had revenue of $27.20 billion for the quarter, compared to the consensus estimate of $27.29 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, analysts predict that Hewlett-Packard will post $3.56 earnings per share for the current fiscal year.
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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