Hewlett
Deutsche Bank reiterated their buy rating on shares of Hewlett-Packard Company (NYSE:HPQ) in a research report released on Wednesday morning.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital raised their price target on shares of Hewlett-Packard Company from $40.00 to $45.00 in a research note on Tuesday. They now have a buy rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Hewlett-Packard Company from $35.00 to $40.00 in a research note on Tuesday. They now have a neutral rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Hewlett-Packard Company from a neutral rating to an outperform rating in a research note on Monday. They now have a $35.00 price target on the stock, down previously from $45.00. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $35.45.
In other Hewlett-Packard Company news, EVP Henry Gomez sold 70,250 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $37.02, for a total value of $2,600,655.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Hewlett-Packard Company ( NYSE:HPQ) traded down 1.78% during mid-day trading on Wednesday, hitting $33.71. 3,749,856 shares of the company's stock traded hands. Hewlett-Packard Company has a 52 week low of $22.25 and a 52 week high of $38.25. The stock's 50-day moving average is $36.50 and its 200-day moving average is $34.35. The company has a market cap of $62.912 billion and a P/E ratio of 12.90. Hewlett-Packard Company also was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 27,627,342 shares, a drop of 16.4% from the August 29th total of 33,029,106 shares. Approximately 1.5% of the company's stock are short sold. Based on an average daily volume of 8,244,400 shares, the days-to-cover ratio is currently 3.4 days.
Hewlett-Packard Company (NYSE:HPQ) last issued its quarterly earnings data 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.
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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