Hewlett-Packard (NYSE:HPQ)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a research report issued on Wednesday, Stock Ratings Network.com reports.
The analysts wrote, “Hewlett-Packard (HPQ) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally higher debt management risk.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard in a research note to investors on Thursday, November 28th. They now have a $29.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Hewlett-Packard from $24.00 to $28.50 in a research note to investors on Wednesday, November 27th. They now have a “neutral” rating on the stock. Finally, analysts at Needham & Company reiterated a “hold” rating on shares of Hewlett-Packard in a research note to investors on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Hewlett-Packard presently has an average rating of “Hold” and an average target price of $24.48.
Shares of Hewlett-Packard (NYSE:HPQ) opened at 27.50 on Wednesday. Hewlett-Packard has a 52 week low of $13.45 and a 52 week high of $27.78. The stock’s 50-day moving average is $25.06 and its 200-day moving average is $24.31. The company’s market cap is $52.850 billion.
Hewlett-Packard (NYSE:HPQ) last announced its earnings results on Tuesday, November 26th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.01. The company had revenue of $29.13 billion for the quarter, compared to the consensus estimate of $27.91 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts expect that Hewlett-Packard will post $3.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a dividend of $0.15 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Monday, December 9th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.