TheStreet restated their hold rating on shares of Hewlett-Packard (NYSE:HPQ) in a research note issued to investors on Tuesday, ARN reports.
“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, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins.,” the firm’s analyst commented.
TheStreet has also updated their ratings on a number of other information technology stocks in the last week. The firm reiterated its positive rating on shares of NetApp Inc.. Also, TheStreet downgraded shares of Datalink Corp. from a buy rating to a hold rating.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. reiterated a positive rating on shares of Hewlett-Packard in a research note to investors on Friday, November 1st. Separately, analysts at FBN Securities raised their price target on shares of Hewlett-Packard from $24.00 to $25.00 in a research note to investors on Thursday, October 10th. They now have a sector perform rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a sell rating on shares of Hewlett-Packard in a research note to investors on Thursday, October 10th. They now have a $17.00 price target on the stock. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett-Packard currently has a consensus rating of Hold and an average target price of $22.49.
Shares of Hewlett-Packard (NYSE:HPQ) traded up 0.80% on Tuesday, hitting $26.43. The stock had a trading volume of 4,636,221 shares. Hewlett-Packard has a 52 week low of $11.35 and a 52 week high of $27.78. The stock’s 50-day moving average is $23.29 and its 200-day moving average is $23.79. The company’s market cap is $50.794 billion.
Hewlett-Packard (NYSE:HPQ) last released its earnings data on Wednesday, August 21st. The company reported $0.86 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.86. The company had revenue of $27.20 billion for the quarter, compared to the consensus estimate of $27.29 billion. During the same quarter last year, the company posted $1.00 earnings per share. Hewlett-Packard’s revenue was down 8.2% compared to the same quarter last year. Analysts expect that Hewlett-Packard will post $3.55 EPS 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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