Hewlett-Packard Company Price Target Raised to $34.50 (HPQ)
Research analysts at Cantor Fitzgerald hoisted their price objective on shares of Hewlett-Packard Company (NYSE:HPQ) from $30.00 to $34.50 in a report released on Thursday. Cantor Fitzgerald’s price target would indicate a potential downside of 1.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.01.
Shares of Hewlett-Packard Company (NYSE:HPQ) traded up 5.61% on Thursday, hitting $37.09. The stock had a trading volume of 27,466,948 shares. Hewlett-Packard Company has a 52-week low of $20.25 and a 52-week 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 $69.408 billion and a P/E ratio of 12.36. Hewlett-Packard Company also was the target of some unusual options trading on Monday. Stock investors bought 9,511 put options on the company. This is an increase of approximately 122% compared to the average volume of 4,289 put options.
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. On average, analysts predict that Hewlett-Packard Company will post $3.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend 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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