Price Target Update on Hewlett-Packard Company (NYSE:HPQ)

Hewlett-Packard Company (NYSE:HPQ) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $12. The average forecast of all the analysts is $14.35 and the expected standard deviation is $1.76.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Barclays maintains the rating on Hewlett-Packard Company (NYSE:HPQ). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency lowers the price target from $14 per share to $13 per share. The rating by the firm was issued on February 25, 2016.

Hewlett-Packard Company (NYSE:HPQ): stock turned positive on Thursday. Though the stock opened at $12.83, the bulls momentum made the stock top out at $12.97 level for the day. The stock recorded a low of $12.79 and closed the trading day at $12.95, in the green by 2.70%. The total traded volume for the day was 13,354,172. The stock had closed at $12.61 in the previous days trading.

The company shares have dropped -11.03% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $14.82 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.54 and the 200 Day Moving Average price is recorded at $11.61. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Keogh Tracy S, (Chief HR Officer) of Hp Inc, had unloaded 200,000 shares at an average price of $13.14 in a transaction dated on May 27, 2016. The total value of the transaction was worth $2,628,000.

HP INC, formerly Hewlett-Packard Company (HP), is a global 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. The Company offers IT industrys broadest portfolios of products and services that bring infrastructure, software, and services through innovation to enable its customers to create value and solve business problems. The Company designs its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units. The Companys operations are organized into seven business segments: Personal Systems; Printing; the Enterprise Group (EG); Enterprise Services (ES); Software; HP Financial Services (HPFS), and Corporate Investments.

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