Hewlett-Packard Sees Unusually Large Options Volume (HPQ)
Shares of Hewlett-Packard (NYSE:HPQ) was the target of some unusual options trading on Tuesday. Investors bought 25,522 put options on the company, American Banking News reports. This is an increase of approximately 176% compared to the average daily volume of 9,251 put options.
HPQ has been the subject of a number of recent research reports. Analysts at BMO Capital Markets cut their EPS estimates on shares of Hewlett-Packard in a research note on Tuesday. They now have a “market perform” rating and a $24.00 price target on the stock. They previously had a $27.00 price target on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard in a research note to investors on Tuesday. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” 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 assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.75.
Shares of Hewlett-Packard (NYSE:HPQ) traded down 0.86% on Tuesday, hitting $20.75. 17,759,772 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 $22.08 and a 200-day moving average of $23.30. The company’s market cap is $39.878 billion.
Hewlett-Packard (NYSE:HPQ) last posted its quarterly earnings results 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 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.
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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