Hewlett-Packard Price Target Raised to $25.00 at FBN Securities (HPQ)
Research analysts at FBN Securities boosted their price target on shares of Hewlett-Packard (NYSE:HPQ) from $24.00 to $25.00 in a report released on Thursday, American Banking and Market News reports. The firm currently has a “sector perform” rating on the stock. FBN Securities’ target price would indicate a potential upside of 12.01% from the stock’s previous close.
HPQ has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Hewlett-Packard in a research note to investors on Thursday. They now have a $17.00 price target on the stock. Separately, analysts at Needham & Company upgraded shares of Hewlett-Packard from an “underperform” rating to a “hold” rating in a research note to investors on Thursday. Finally, analysts at RBC Capital upgraded shares of Hewlett-Packard from an “underperform” rating to a “sector perform” rating in a research note to investors on Thursday. They now have a $22.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.49.
Shares of Hewlett-Packard (NYSE:HPQ) traded down 1.24% on Thursday, hitting $22.32. 33,999,576 shares of the company’s stock traded hands. Hewlett-Packard has a one year low of $11.35 and a one year high of $27.78. The stock’s 50-day moving average is $21.99 and its 200-day moving average is $23.29. The company’s market cap is $42.895 billion. Hewlett-Packard also saw some unusual options trading activity on Monday. Traders bought 30,600 put options on the company. This is an increase of 277% compared to the typical 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 (EPS) for the quarter, meeting the 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. Analysts expect that Hewlett-Packard will post $3.56 EPS 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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