FBN Securities Upgrades Hewlett-Packard Company to “Outperform” (HPQ)
HPQ has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald raised their price target on shares of Hewlett-Packard Company from $30.00 to $34.50 in a research note on Thursday. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Hewlett-Packard Company in a research note on Thursday. They now have a $41.00 price target on the stock, up previously from $38.00. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Hewlett-Packard Company in a research note on Thursday. They now have a $39.00 price target on the stock, down previously from $40.00. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Hewlett-Packard Company currently has an average rating of “Buy” and an average price target of $33.48.
Hewlett-Packard Company (NYSE:HPQ) traded up 6.38% during mid-day trading on Thursday, hitting $37.36. 30,764,346 shares of the company’s stock traded hands. Hewlett-Packard Company has a 1-year low of $20.25 and a 1-year high of $36.21. The stock’s 50-day moving average is $34.86 and its 200-day moving average is $32.68. The company has a market cap of $69.914 billion and a P/E ratio of 12.36. Hewlett-Packard Company also was the recipient of unusually large options trading on Monday. Traders bought 9,511 put options on the company. This represents an increase of approximately 122% compared to the typical volume of 4,289 put options.
Hewlett-Packard Company (NYSE:HPQ) last announced its earnings results on Wednesday, August 20th. The company reported $0.89 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue 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. Shareholders 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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