Hewlett-Packard EPS Estimated Cut at BMO Capital Markets (HPQ)
Investment analysts at BMO Capital Markets lowered their earnings per share estimates on shares of Hewlett-Packard (NYSE:HPQ) in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “market perform” rating and a $24.00 price objective on the company’s shares. BMO Capital Markets’ price objective suggests a potential upside of 14.67% from the company’s current price.
A number of other firms have also recently commented on HPQ. Analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard in a research note to investors on Tuesday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Hewlett-Packard in a research note to investors on Monday. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hewlett-Packard in a research note to investors on Monday. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.75.
Hewlett-Packard (NYSE:HPQ) traded down 2.08% on Tuesday, hitting $20.495. 7,741,563 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 has a 50-day moving average of $22.12 and a 200-day moving average of $23.31. The company’s market cap is $39.388 billion. Hewlett-Packard also saw unusually large options trading on Monday. Stock investors acquired 30,600 put options on the stock. This is an increase of approximately 277% compared to the average daily volume of 8,109 put options.
Hewlett-Packard (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.86 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.00 earnings per share. Hewlett-Packard’s revenue was down 8.2% compared to the same quarter last 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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