Hewlett-Packard Upgraded by Argus to Buy (HPQ)
Hewlett-Packard (NYSE:HPQ) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Hewlett-Packard (NYSE:HPQ) opened at 29.79 on Monday. Hewlett-Packard has a 1-year low of $19.03 and a 1-year high of $30.28. The stock has a 50-day moving average of $28.90 and a 200-day moving average of $25.61. The company has a market cap of $56.810 billion and a price-to-earnings ratio of 11.06.
Hewlett-Packard (NYSE:HPQ) last announced its earnings results on Thursday, February 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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 $3.70 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 1.95%. The ex-dividend date of this dividend is Monday, March 10th.
A number of other analysts have also recently weighed in on HPQ. Analysts at Barclays raised their price target on shares of Hewlett-Packard from $28.00 to $33.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at UBS AG raised their EPS on shares of Hewlett-Packard in a research note on Friday. They now have a “neutral” rating and a $32.50 price target on the stock. They previously had a $28.50 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Hewlett-Packard in a research note on Friday. They now have a $34.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus 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.
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.