Hewlett-Packard Receives “Hold” Rating from TheStreet (HPQ)
Hewlett-Packard (NYSE:HPQ)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a research report issued on Monday, AnalystRatings.NET 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 29.80 on Monday. Hewlett-Packard has a 52 week low of $16.03 and a 52 week high of $30.05. The stock has a 50-day moving average of $27.84 and a 200-day moving average of $25.11. The company has a market cap of $56.882 billion and a P/E ratio of 11.28. Hewlett-Packard also was the recipient of unusually large options trading activity on Wednesday. Investors bought 28,138 call options on the stock. This represents an increase of 145% compared to the typical daily volume of 11,481 call options.
Hewlett-Packard (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ 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. 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 Zacks reiterated a “neutral” rating on shares of Hewlett-Packard in a research note to investors on Friday, January 10th. They now have a $29.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hewlett-Packard in a research note to investors on Friday, January 10th. Finally, 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. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Hewlett-Packard presently has an average rating of “Hold” and a consensus target price of $25.98.
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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