Hewlett-Packard Rating Lowered to Buy at Deutsche Bank (HPQ)
Hewlett-Packard (NYSE:HPQ) was downgraded by equities researchers at Deutsche Bank to a “buy” rating in a research report issued on Tuesday, Analyst Ratings Net reports.
Hewlett-Packard (NYSE:HPQ) last announced its earnings results 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 in the previous year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.1452 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Monday, March 10th.
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 Tuesday, January 21st. Separately, analysts at Citigroup Inc. raised their price target on shares of Hewlett-Packard from $32.00 to $40.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Finally, analysts at Merrill Lynch upgraded shares of Hewlett-Packard to a “buy” rating in a research note to investors on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.45.
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.