Hewlett-Packard Company Sees Unusually High Options Volume (HPQ)
Hewlett-Packard Company (NYSE:HPQ) saw some unusual options trading on Wednesday. Investors purchased 39,132 call options on the company, Analyst RN reports. This represents an increase of 365% compared to the average daily volume of 8,422 call options.
A number of analysts have recently weighed in on HPQ shares. Analysts at S&P Equity Research initiated coverage on shares of Hewlett-Packard Company in a research note on Monday. They set a “hold” rating and a $2.62 price target on the stock. Separately, 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. Finally, 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. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Hewlett-Packard Company currently has an average rating of “Buy” and an average target price of $31.87.
Shares of Hewlett-Packard Company (NYSE:HPQ) traded down 1.01% during mid-day trading on Wednesday, hitting $35.12. 18,274,488 shares of the company’s stock traded hands. Hewlett-Packard Company has a one year low of $20.25 and a one year high of $36.21. The stock’s 50-day moving average is $34.80 and its 200-day moving average is $32.63. The company has a market cap of $65.722 billion and a P/E ratio of 12.49.
Hewlett-Packard Company (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $27.59 billion for the quarter, compared to the consensus estimate of $27.00 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 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. Stockholders 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.
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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