Hewlett-Packard Company (HPQ) : 17 analysts are covering Hewlett-Packard Company (HPQ) and their average rating on the stock is 2.41, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hewlett-Packard Company (HPQ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Hewlett-Packard Company (HPQ) stock is expected to deviate a maximum of $1.39 from the average target price of $14.83 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $13.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Hewlett-Packard Company (NYSE:HPQ). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $19 per share from a prior target of $16. The rating by the firm was issued on August 29, 2016.
Hewlett-Packard Company (NYSE:HPQ): The stock opened at $14.63 and touched an intraday high of $14.75 on Wednesday. During the day, the stock corrected to an intraday low of $14.51, however, the bulls stepped in and pushed the price higher to close in the green at $14.69 with a gain of 0.41% for the day. The total traded volume for the day was 6,808,979. The stock had closed at $14.63 in the previous trading session.
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.