Hewlett-Packard Company (HPQ) : Analyst Rating Update

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) 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 $14.5 and the expected standard deviation is $1.72.

Hewlett-Packard Company (NYSE:HPQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.26 and $12.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.60, notching a gain of 1.94% for the day. The total traded volume was 12,005,050 . The stock had closed at $12.36 on the previous day.

The company shares have dropped -10.62% 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 $12.74 and the 200 Day Moving Average price is recorded at $11.62.

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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