Hewlett-Packard Company Receives New Coverage from Analysts at S&P Equity Research (HPQ)
Research analysts at S&P Equity Research started coverage on shares of Hewlett-Packard Company (NYSE:HPQ) in a report released on Monday. The firm set a “hold” rating and a $2.62 price target on the stock. S&P Equity Research’s target price indicates a potential downside of 92.53% from the company’s current price.
Shares of Hewlett-Packard Company (NYSE:HPQ) traded up 0.94% during mid-day trading on Monday, hitting $35.4012. The stock had a trading volume of 3,970,087 shares. Hewlett-Packard Company has a 52-week low of $20.25 and a 52-week high of $36.21. The stock has a 50-day moving average of $34.74 and a 200-day moving average of $32.52. The company has a market cap of $66.248 billion and a price-to-earnings ratio of 12.34.
Hewlett-Packard Company (NYSE:HPQ) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.88 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Hewlett-Packard Company will post $3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, September 8th.
A number of other firms have also recently commented on HPQ. Analysts at Monness Crespi & Hardt upgraded shares of Hewlett-Packard Company from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $40.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard Company in a research note on Friday, July 18th. They now have a $36.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Hewlett-Packard Company in a research note on Tuesday, July 8th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $31.87.
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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