Hewlett-Packard (NYSE:HPQ) was upgraded by research analysts at Citigroup Inc. from a “buy” rating to a “focus list” rating in a report released on Tuesday, Analyst Ratings Network reports. The firm currently has a $32.00 price target on the stock. Citigroup Inc.’s price objective suggests a potential upside of 17.22% from the company’s current price.
A number of other analysts have also recently weighed in on HPQ. Analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard in a research note to investors on Monday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Hewlett-Packard from $24.50 to $29.00 in a research note to investors on Wednesday, August 7th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Hewlett-Packard in a research note to investors on Wednesday, August 7th. They now have a $29.00 price target on the stock, up previously from $24.50.
Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. Hewlett-Packard has an average rating of “Hold” and an average price target of $22.90.
Hewlett-Packard (NYSE:HPQ) traded up 2.09% on Tuesday, hitting $27.30. Hewlett-Packard has a 1-year low of $11.35 and a 1-year high of $27.78. The stock’s 50-day moving average is currently $25.76. The company’s market cap is $52.649 billion.
Hewlett-Packard (NYSE:HPQ) last announced its earnings results on Wednesday, May 22nd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.06. The company had revenue of $27.58 billion for the quarter, compared to the consensus estimate of $28.12 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. Analysts expect that Hewlett-Packard will post $3.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.15 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, September 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.