Hewlett-Packard Company Receives Consensus Recommendation of “Buy” from Analysts (NYSE:HPQ)
Hewlett-Packard Company (NYSE:HPQ) has been given a consensus recommendation of “Buy” by the twenty-four brokerages that are covering the stock, Analyst Ratings.Net reports. Eleven analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $32.73.
Shares of Hewlett-Packard Company (NYSE:HPQ) traded up 0.64% on Tuesday, hitting $34.37. The stock had a trading volume of 974,278 shares. Hewlett-Packard Company has a 52 week low of $20.25 and a 52 week high of $35.20. The stock has a 50-day moving average of $33.91 and a 200-day moving average of $31.47. The company has a market cap of $64.318 billion and a price-to-earnings ratio of 12.02.
Hewlett-Packard Company (NYSE:HPQ) last issued its quarterly 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. On average, analysts predict that Hewlett-Packard Company will post $3.71 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HPQ shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hewlett-Packard Company in a research note on Tuesday, July 8th. Separately, 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. Finally, 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.
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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