Hewlett-Packard Stock Rating Reaffirmed by TheStreet (HPQ)
Hewlett-Packard (NYSE:HPQ)‘s stock had its “hold” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday, AR Network reports.
The analysts wrote, “Hewlett-Packard (HPQ) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow.”
Hewlett-Packard (NYSE:HPQ) remained flat at $21.30 during trading on Friday. The stock had a trading volume of 2,476,442 shares. Hewlett-Packard has a 1-year low of $11.35 and a 1-year high of $27.78. The stock has a 50-day moving average of $23.24 and a 200-day moving average of $23.35. The company’s market cap is $40.935 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 prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue 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.
A number of other firms have also recently commented on HPQ. Analysts at Cantor Fitzgerald initiated coverage on shares of Hewlett-Packard (NYSE:HPQ) in a research note to investors on Thursday, September 19th. They set a “hold” rating and a $20.00 price target on the stock. Separately, 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. Finally, analysts at Zacks downgraded shares of Hewlett-Packard (NYSE:HPQ) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $24.00 price target on the stock. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.03.
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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