Hewlett-Packard PT Raised to $30.00 (HPQ)
Mizuho hoisted their price target on shares of Hewlett-Packard (NYSE:HPQ) from $22.00 to $30.00 in a research note issued on Friday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential downside of 0.63% from the stock’s previous close.
Hewlett-Packard (NYSE:HPQ) traded down 1.32% on Friday, hitting $29.79. 29,819,742 shares of the company’s stock traded hands. Hewlett-Packard has a one year low of $19.03 and a one year high of $30.28. The stock’s 50-day moving average is $28.90 and its 200-day moving average is $25.61. The company has a market cap of $56.862 billion and a P/E ratio of 11.52. Hewlett-Packard also saw some unusual options trading activity on Tuesday. Traders purchased 26,573 call options on the company. This represents an increase of 160% compared to the typical volume of 10,233 call options.
Hewlett-Packard (NYSE:HPQ) last announced its earnings results on Thursday, February 20th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.06. The company had revenue of $28.20 billion for the quarter, compared to the consensus estimate of $27.19 billion. 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 1.92%. The ex-dividend date of this dividend is Monday, March 10th.
HPQ has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard in a research note on Friday, January 31st. Separately, analysts at Deutsche Bank downgraded shares of Hewlett-Packard to a “buy” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.93.
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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