Hewlett-Packard Company Reaches New 1-Year High at $37.95 (HPQ)
Hewlett-Packard Company (NYSE:HPQ)’s share price hit a new 52-week high on Tuesday , AmericanBankingNews.com reports. The stock traded as high as $37.95 and last traded at $37.86, with a volume of 6,163,350 shares changing hands. The stock had previously closed at $37.15.
A number of research firms have recently commented on HPQ. Analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard Company in a research note on Monday. They now have a $39.00 price target on the stock. Separately, 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, August 21st. They now have a $45.00 price target on the stock, up previously from $35.00. Finally, 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, August 21st. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.48.
The stock has a 50-day moving average of $35.09 and a 200-day moving average of $32.90. The company has a market cap of $71.060 billion and a P/E ratio of 13.96.
Hewlett-Packard Company (NYSE:HPQ) last announced its 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 $3.73 earnings per share 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 1.72%. 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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