Hewlett-Packard (NYSE: HPQ)‘s stock had its “strong-buy” rating restated by equities researchers at Jyske Bank in a report issued on Monday. They currently have a $24.00 target price on the stock.
Hewlett-Packard traded down 0.74% on Monday, hitting $20.00. Hewlett-Packard has a 1-year low of $11.35 and a 1-year high of $25.40. The stock’s 50-day moving average is currently $17.31. The company’s market cap is $39.060 billion.
Hewlett-Packard last announced its earnings results on Thursday, February 21st. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.11. The company had revenue of $28.36 billion for the quarter, compared to the consensus estimate of $27.77 billion. During the same quarter last year, the company posted $0.92 earnings per share. Hewlett-Packard’s revenue was down 5.6% compared to the same quarter last year. Hewlett-Packard has set its Q2 guidance at $0.80-0.82 EPS and its FY13 guidance at $3.40-3.60 EPS. On average, analysts predict that Hewlett-Packard will post $3.45 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HPQ. Analysts at FBN Securities reiterated a “sector perform” rating on shares of Hewlett-Packard in a research note to investors on Friday. They now have a $20.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard in a research note to investors on Thursday. They now have a $21.00 price target on the stock. Finally, analysts at TheStreet reiterated a “sell” rating on shares of Hewlett-Packard in a research note to investors on Thursday.
Two equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, twenty-two have issued a hold rating, three have assigned an underweight rating, and five have issued a sell rating to the company. The company has an average rating of “hold” and a consensus target price of $17.62.
Hewlett-Packard Company (HP) 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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