Deutsche Bank Reiterates “Buy” Rating for Hewlett-Packard Company (HPQ)
Shares of Hewlett-Packard Company (NYSE:HPQ) traded down 0.86% during mid-day trading on Tuesday, hitting $33.58. 1,839,501 shares of the company’s stock traded hands. Hewlett-Packard Company has a 52-week low of $20.25 and a 52-week high of $35.20. The stock’s 50-day moving average is $33.76 and its 200-day moving average is $31.28. The company has a market cap of $62.840 billion and a price-to-earnings ratio of 11.92.
Hewlett-Packard Company (NYSE:HPQ) last announced its earnings results 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. On average, analysts predict that Hewlett-Packard Company will post $3.71 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in 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 research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hewlett-Packard Company presently has an average rating of “Buy” and a consensus target price of $32.73.
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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