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Hewlett-Packard (NYSE:HPQ)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Tuesday, AnalystRatingsNetwork reports. They currently have a $31.00 target price on the stock. Zacks‘ price target would indicate a potential upside of 3.61% from the stock’s previous close.

Zacks‘ analyst wrote, “H-P reported better-than-expected top and bottom-line results for the first quarter and the guidance was also strong. It is encouraging to note that cost cutting initiatives and higher IP sales have positively impacted margins, which is expected to continue in the quarters ahead. Additionally, the company’s traction in the cloud, security and big data segments are positives, going forward. The company’s strategic focus on the software business will help it to achieve long-term profitability. However, continuing macroeconomic challenges, tepid IT spending and competition from IBM and Oracle are the headwinds, going forward. Thus, we reiterate our Neutral recommendation on H-P.”

Shares of Hewlett-Packard (NYSE:HPQ) traded up 0.05% on Tuesday, hitting $29.9335. 4,728,739 shares of the company’s stock traded hands. Hewlett-Packard has a 52 week low of $19.05 and a 52 week high of $30.71. The stock’s 50-day moving average is $28.97 and its 200-day moving average is $25.65. The company has a market cap of $57.083 billion and a price-to-earnings ratio of 10.96.

Hewlett-Packard (NYSE:HPQ) last released its earnings data 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 $3.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 2nd. Stockholders 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 1.94%. The ex-dividend date is Monday, March 10th.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Hewlett-Packard from $21.00 to $37.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Argus upgraded shares of Hewlett-Packard from a “hold” rating to a “buy” rating in a research note on Monday. Finally, 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. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.83.

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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