Atlantic Securities Initiates Coverage on Hewlett-Packard (HPQ)
Stock analysts at Atlantic Securities initiated coverage on shares of Hewlett-Packard (NYSE:HPQ) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
A number of other firms have also recently commented on HPQ. Analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard in a research note to investors on Friday. They now have a $29.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hewlett-Packard in a research note to investors on Friday. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight 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 target price of $24.98.
Hewlett-Packard (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.16 earnings per share. Hewlett-Packard’s revenue was down 2.8% compared to the same quarter last 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.