Hewlett-Packard Stock Rating Reaffirmed by TheStreet (HPQ)
Hewlett-Packard (NYSE:HPQ)‘s stock had its “hold” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday, Analyst 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 and weak operating cash flow.”
A number of other firms have also recently commented on HPQ. Analysts at Deutsche Bank downgraded shares of Hewlett-Packard to a “buy” rating in a research note to investors on Tuesday. 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 research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Hewlett-Packard presently has an average rating of “Hold” and an average price target of $26.45.
Hewlett-Packard (NYSE:HPQ) traded down 0.85% during mid-day trading on Friday, hitting $29.00. 12,944,020 shares of the company’s stock traded hands. Hewlett-Packard has a 1-year low of $16.03 and a 1-year high of $30.13. The stock has a 50-day moving average of $28.36 and a 200-day moving average of $25.33. The company has a market cap of $55.355 billion and a price-to-earnings ratio of 11.16.
Hewlett-Packard (NYSE:HPQ) last posted its quarterly earnings results 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 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. Analysts expect that Hewlett-Packard will post $3.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of 0.1452 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th.
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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