Hewlett-Packard (NYSE: HPQ) has recently received a number of price target changes and ratings updates:

  • 9/19/2016 – Hewlett-Packard was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $16.12 price target on the stock.
  • 9/13/2016 – Hewlett-Packard had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $16.75 price target on the stock.
  • 9/13/2016 – Hewlett-Packard had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $14.00 price target on the stock.
  • 9/13/2016 – Hewlett-Packard had its “buy” rating reaffirmed by analysts at Brean Capital. They now have a $18.00 price target on the stock.
  • 9/13/2016 – Hewlett-Packard had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 9/12/2016 – Hewlett-Packard was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $16.12 price target on the stock.
  • 9/8/2016 – Hewlett-Packard had its “sector perform” rating reaffirmed by analysts at FBN Securities.
  • 9/7/2016 – Hewlett-Packard had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $16.75 price target on the stock.
  • 9/1/2016 – Hewlett-Packard had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $14.00 price target on the stock.
  • 8/29/2016 – Hewlett-Packard had its price target raised by analysts at Argus from $16.00 to $19.00. They now have a “buy” rating on the stock.
  • 8/26/2016 – Hewlett-Packard had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $16.00 price target on the stock, up previously from $15.00.
  • 8/25/2016 – Hewlett-Packard had its price target raised by analysts at Citigroup Inc. from $13.00 to $14.00. They now have a “neutral” rating on the stock.
  • 8/25/2016 – Hewlett-Packard had its price target raised by analysts at Jefferies Group from $16.00 to $16.75. They now have a “buy” rating on the stock.
  • 8/25/2016 – Hewlett-Packard had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $12.00 price target on the stock.
  • 8/25/2016 – Hewlett-Packard was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating. They now have a $15.00 price target on the stock, down previously from $17.00.
  • 8/25/2016 – Hewlett-Packard had its price target raised by analysts at BMO Capital Markets from $12.00 to $13.00. They now have a “market perform” rating on the stock.
  • 8/25/2016 – Hewlett-Packard had its price target raised by analysts at Barclays PLC from $13.00 to $14.00. They now have an “equal weight” rating on the stock.
  • 8/25/2016 – Hewlett-Packard had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $15.00 price target on the stock.
  • 8/22/2016 – Hewlett-Packard had its price target raised by analysts at Royal Bank Of Canada from $12.00 to $14.00. They now have a “sector perform” rating on the stock.
  • 8/22/2016 – Hewlett-Packard had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $14.00 price target on the stock, up previously from $12.00.
  • 8/12/2016 – Hewlett-Packard had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $19.00 price target on the stock.

Hewlett-Packard Co. (NYSE:HPQ) opened at 14.99 on Thursday. Hewlett-Packard Co. has a 12 month low of $8.91 and a 12 month high of $15.00. The stock’s 50 day moving average price is $14.42 and its 200 day moving average price is $13.06. The firm has a market capitalization of $25.65 billion, a P/E ratio of 7.98 and a beta of 1.59.

Hewlett-Packard (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 24th. The computer maker reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Hewlett-Packard had a net margin of 5.41% and a return on equity of 106.26%. The company earned $11.89 billion during the quarter, compared to analysts’ expectations of $11.44 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts forecast that Hewlett-Packard Co. will post $1.61 earnings per share for the current year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/research-analysts-recent-ratings-updates-for-hewlett-packard-hpq.html

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.124 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Monday, September 12th. Hewlett-Packard’s dividend payout ratio is currently 26.74%.

In other news, insider Tracy S. Keogh sold 100,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the completion of the transaction, the insider now owns 213,582 shares of the company’s stock, valued at $3,096,939. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marie Myers sold 10,269 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $14.55, for a total transaction of $149,413.95. Following the transaction, the insider now directly owns 22,390 shares of the company’s stock, valued at approximately $325,774.50. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.

5 Day Chart for NYSE:HPQ

Receive News & Ratings for Hewlett-Packard Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett-Packard Co and related companies with MarketBeat.com's FREE daily email newsletter.