Hewlett-Packard’s “Sell” Rating Reaffirmed at Goldman Sachs Group Inc. (HPQ)
Hewlett-Packard (NYSE:HPQ)‘s stock had its “sell” rating reiterated by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. They currently have a $17.00 price objective on the stock. Goldman Sachs Group Inc.’s price target indicates a potential downside of 24.78% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Mizuho upgraded shares of Hewlett-Packard from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $22.00 price target on the stock, up previously from $18.00. Four 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 company. Hewlett-Packard presently has an average rating of “Hold” and an average price target of $22.45.
Shares of Hewlett-Packard (NYSE:HPQ) traded down 1.50% during mid-day trading on Thursday, hitting $22.26. 15,541,361 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 has a 50-day moving average of $21.99 and a 200-day moving average of $23.29. The company’s market cap is $42.780 billion. Hewlett-Packard also was the target of unusually large options trading on Monday. Stock traders acquired 30,600 put options on the stock. This is an increase of 277% compared to the typical 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 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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