Hewlett-Packard (NYSE: HPQ) received a number of ratings updates from brokerages and research firms in the last week:

  • Hewlett-Packard had its price target lowered by analysts at Mizuho from $22.00 to $20.00. They now have a “neutral” rating on the stock.
  • Hewlett-Packard had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $23.00 price target on the stock.
  • Hewlett-Packard had its “underweight” rating reaffirmed by analysts at Evercore Partners.
  • Hewlett-Packard had its “hold” rating reaffirmed by analysts at Topeka Capital. They now have a $17.75 price target on the stock.
  • Hewlett-Packard was downgraded by analysts at Jefferies Group from a “hold” rating to an “underperform” rating. They now have a $14.00 price target on the stock. They wrote, “We continue to see cyclical and secular headwinds for HP’s PC, services, and printer businesses. Also, we believe HP will aggressively attack the smartphone and tablet markets, which we believe are risky investments. We maintain our Street-low FY13 EPS of $3.58 (St $4.22), and cut our FY13 FCF estimate from $7B to $5.7B, and cut our target from $17 to $14.”
  • Hewlett-Packard had its “underweight” rating reaffirmed by analysts at JPMorgan Chase. They now have a $22.00 price target on the stock.
  • Hewlett-Packard had its “hold” rating reaffirmed by analysts at Brean Murray.
  • Hewlett-Packard had its price target lowered by analysts at Goldman Sachs from $21.00 to $20.00. They now have a “neutral” rating on the stock. They wrote, “Our new forecast for FY2013 EPS is $4.00, and this assumes cyclical and secular pressures continue through much next year. Nevertheless, given the many uncertainties across HP’s key divisions, we also lay out a bull and bear case for each segment. The worst case scenario, pulling together the bear cases for all segments, assumes that EPS declines by 23.4% to $3.10 in FY2013. On the flip side, the best case scenario would generate EPS growth of 13.7% to $4.60. Both of these scenarios are meant to highlight the extreme cases for each business segment, but given the secular challenges HP faces and management’s desire to set an achievable target, we assume HP’s FY2013 guidance will come in at or below our $4.00 estimate for FY2013. While we believe the significant decline in HP’s stock price this year has certainly reflected many of the challenges we have outlined, we continue to believe that the potential for future earnings disappointments and the instability in the business should keep investors on the sidelines.”
  • Hewlett-Packard had its “equalweight” rating reaffirmed by analysts at Barclays Capital.
  • Hewlett-Packard had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $25.00 price target on the stock.
  • Hewlett-Packard had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co..

Hewlett-Packard opened at 14.91 on Thursday. Hewlett-Packard has a 52-week low of $14.85 and a 52-week high of $30.00. The company’s market cap is $29.315 billion.

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.