Hewlett-Packard Co. (NYSE:HPQ) Receives $14.80 Consensus PT from Analysts
Shares of Hewlett-Packard Co. (NYSE:HPQ) have been given a consensus recommendation of “Hold” by the twenty-nine ratings firms that are currently covering the company. Eighteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.80.
Several research firms have weighed in on HPQ. Vetr cut Hewlett-Packard from a “strong-buy” rating to a “buy” rating and set a $16.12 target price for the company. in a research note on Monday. Morgan Stanley restated a “buy” rating on shares of Hewlett-Packard in a research note on Tuesday, September 13th. Brean Capital restated a “buy” rating and set a $18.00 target price on shares of Hewlett-Packard in a research note on Tuesday, September 13th. RBC Capital Markets restated a “sector perform” rating and set a $14.00 target price on shares of Hewlett-Packard in a research note on Tuesday, September 13th. Finally, Jefferies Group restated a “buy” rating and set a $16.75 target price on shares of Hewlett-Packard in a research note on Tuesday, September 13th.
In other news, insider Tracy S. Keogh sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 213,582 shares in the company, valued at approximately $3,096,939. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marie Myers sold 10,269 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $14.55, for a total transaction of $149,413.95. Following the sale, the insider now 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.
Several large investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its stake in shares of Hewlett-Packard by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock valued at $172,000 after buying an additional 2,755 shares during the last quarter. Wealthsource Partners LLC acquired a new position in Hewlett-Packard during the first quarter worth $175,000. Wealthfront Inc. raised its position in Hewlett-Packard by 27.2% in the second quarter. Wealthfront Inc. now owns 17,036 shares of the computer maker’s stock worth $214,000 after buying an additional 3,638 shares in the last quarter. IFP Advisors Inc raised its position in Hewlett-Packard by 0.3% in the second quarter. IFP Advisors Inc now owns 22,658 shares of the computer maker’s stock worth $284,000 after buying an additional 72 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC acquired a new position in Hewlett-Packard during the second quarter worth $429,000. Institutional investors own 78.54% of the company’s stock.
Hewlett-Packard (NYSE:HPQ) opened at 14.99 on Monday. The firm’s 50-day moving average price is $14.42 and its 200 day moving average price is $13.06. The company has a market capitalization of $25.65 billion, a price-to-earnings ratio of 7.98 and a beta of 1.59. Hewlett-Packard has a 12-month low of $8.91 and a 12-month high of $15.00.
Hewlett-Packard (NYSE:HPQ) last released its earnings results on Wednesday, August 24th. The computer maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Hewlett-Packard had a return on equity of 106.26% and a net margin of 5.41%. The firm 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 company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts expect that Hewlett-Packard will post $1.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.124 per share. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.31%. Hewlett-Packard’s payout ratio is currently 26.74%.
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.
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.