Hewlett-Packard Sees Unusually High Options Volume (HPQ)
Hewlett-Packard (NYSE:HPQ) saw unusually large options trading on Wednesday. Traders bought 112,247 call options on the company, Stock Ratings News reports. This is an increase of 480% compared to the average volume of 19,359 call 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 investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.75.
Hewlett-Packard (NYSE:HPQ) opened at 22.60 on Thursday. 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 $21.99 and a 200-day moving average of $23.29. The company’s market cap is $43.433 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. 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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