Hewlett-Packard Rating Reiterated by TheStreet (HPQ)
Hewlett-Packard (NYSE:HPQ)‘s stock had its “hold” rating restated by TheStreet in a research note issued on Sunday, Stock Ratings Network reports.
The analysts wrote, “Hewlett-Packard (HPQ) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally higher debt management risk.”
Hewlett-Packard (NYSE:HPQ) opened at 28.34 on Friday. Hewlett-Packard has a 1-year low of $14.84 and a 1-year high of $28.70. The stock’s 50-day moving average is $26.98 and its 200-day moving average is $24.83. The company has a market cap of $54.095 billion and a P/E ratio of 10.56.
Hewlett-Packard (NYSE:HPQ) last released its earnings data on Tuesday, November 26th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.01. The company had revenue of $29.13 billion for the quarter, compared to the consensus estimate of $27.91 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts expect that Hewlett-Packard will post $3.66 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Hewlett-Packard from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, December 17th. They now have a $35.00 price target on the stock, up previously from $30.00. Separately, analysts at Edward Jones upgraded shares of Hewlett-Packard from a “sell” rating to a “hold” rating in a research note to investors on Friday, December 6th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard in a research note to investors on Thursday, November 28th. They now have a $29.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.98.
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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