Hewlett-Packard Company Sees Large Growth in Short Interest (HPQ)
Hewlett-Packard Company (NYSE:HPQ) was the target of a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 30,007,034 shares, an increase of 10.9% from the May 15th total of 27,053,365 shares, AnalystRatingsNetwork.com reports. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 16,315,825 shares, the days-to-cover ratio is presently 1.8 days.
A number of research firms have recently commented on HPQ. Analysts at Mizuho raised their price target on shares of Hewlett-Packard Company from $30.00 to $35.00 in a research note on Thursday, June 12th. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Hewlett-Packard Company from a “sell” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $32.00 price target on the stock, up previously from $25.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Hewlett-Packard Company in a research note on Friday, May 30th. They now have a $40.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.19.
Hewlett-Packard Company (NYSE:HPQ) opened at 34.22 on Monday. Hewlett-Packard Company has a one year low of $20.25 and a one year high of $35.20. The stock’s 50-day moving average is $33.32 and its 200-day moving average is $30.72. The company has a market cap of $64.038 billion and a price-to-earnings ratio of 12.14.
Hewlett-Packard Company (NYSE:HPQ) last released its earnings data on Thursday, May 22nd. The company reported $0.88 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.88. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.41 billion. During the same quarter last year, the company posted $0.87 earnings per share. Hewlett-Packard Company’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Hewlett-Packard Company will post $3.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Monday, June 9th. This is an increase from Hewlett-Packard Company’s previous quarterly dividend of $0.15.
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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