Hewlett-Packard Company’s “Neutral” Rating Reiterated at Zacks (HPQ)
Hewlett-Packard Company (NYSE:HPQ)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Monday. They currently have a $39.00 price objective on the stock. Zacks‘s target price suggests a potential upside of 5.86% from the company’s current price.
Hewlett-Packard Company (NYSE:HPQ) traded up 1.07% during mid-day trading on Monday, hitting $37.235. 4,731,951 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 $37.40. The stock’s 50-day moving average is $35.0 and its 200-day moving average is $32.77. The company has a market cap of $69.629 billion and a price-to-earnings ratio of 13.84.
Hewlett-Packard Company (NYSE:HPQ) last announced its earnings results on Wednesday, August 20th. The company reported $0.89 earnings per share for the quarter, meeting the analysts’ 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 $3.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders 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 1.74%. The ex-dividend date of this dividend is Monday, September 8th.
A number of other firms have also recently commented on HPQ. Analysts at FBN Securities upgraded shares of Hewlett-Packard Company from a “sector perform” rating to an “outperform” rating in a research note on Thursday. They now have a $45.00 price target on the stock, up previously from $35.00. Separately, 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. Finally, 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. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $34.48.
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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