Hewlett-Packard Company Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:HPQ)
Hewlett-Packard Company (NYSE:HPQ) has been given a consensus rating of “Buy” by the twenty-four brokerages that are currently covering the company, AR Network reports. Ten investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $34.48.
Hewlett-Packard Company (NYSE:HPQ) opened at 37.99 on Monday. Hewlett-Packard Company has a 1-year low of $20.25 and a 1-year high of $38.20. The stock has a 50-day moving average of $35.40 and a 200-day moving average of $33.04. The company has a market cap of $71.041 billion and a price-to-earnings ratio of 14.34.
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 $3.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders 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 1.68%. The ex-dividend date of this dividend is Monday, September 8th.
HPQ has been the subject of a number of recent research reports. 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.
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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