Hewlett-Packard Company (HPQ) Receives ‘Analyst’ Rating

Hewlett-Packard Company (HPQ) : The consensus on Hewlett-Packard Company (HPQ) based on 17 analyst recommendation on the company stock is 2.41, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Hewlett-Packard Company (HPQ).

Hewlett-Packard Company (HPQ) : The highest short term price target forecast on Hewlett-Packard Company (HPQ) is $18 and the lowest target price is $13. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $14.77 with a standard deviation of $1.35.


Also, In the latest statement by the brokerage house, Argus Research maintains its outlook on Hewlett-Packard Company (NYSE:HPQ). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $16 per share to $19 per share. The rating by the firm was issued on August 29, 2016.

Hewlett-Packard Company (NYSE:HPQ): After opening at $14.19, the stock dipped to an intraday low of $14.14 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.6 and the buying power remained strong till the end. The stock closed at $14.5 for the day, a gain of 1.61% for the day session. The total traded volume was 11,848,829. The stocks close on the previous trading day was $14.27.

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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