Fundamental and Technical Insights on Hewlett-Packard Co (NYSE:HPQ)

Hewlett-Packard Co (NYSE:HPQ) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $26.96, down by -1.5%, with a volume of 26,398,608 shares against an average volume for the last 3 months of 14,892,100.

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Hewlett-Packard Co (NYSE:HPQ) stock is currently trading 34.4% below its 52-week-high, 10.95% above its 52-week-low. The 1-year stock price history is in the range of $24.3 – $41.1. Hewlett-Packard Co (HPQ) has a price to earnings ratio of 11.04 versus Technology sector average of 20.45. HPQ stock price has underperformed the S&P 500 by 34.3%. The Computers Manufacturing company is currently valued at $48.48 billion and its share price closed the last trading session at $26.96. The stock has a 50-day moving average of $27.41 and a 200-day moving average of $30.19.

Hewlett-Packard Co (HPQ) current short interest stands at 26.88 million shares. It has decreased by 6% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 11.71 million shares, the number of days required to cover the short positions stand at 2.3 days.

The company is expected to announce next quarter earnings on November 24, at consensus estimate of $0.96. Hewlett-Packard Co (HPQ) reported last quarter earnings on August 20. The Computers Manufacturing company announced earnings per share of $0.88 against a consensus Street estimate of $0.85, beating the average estimate by $0.03. This corresponds to a decrease of $0.04 compared to the same quarter of the previous fiscal year.

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There are currently thirty analysts that cover Hewlett-Packard Co stock. Of those thirty, eighteen have a Buy rating, ten have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $34.91.

A recent analyst activity consisted of Goldman Sachs who initiated their coverage on the stock with Neutral rating on October 26. On the date of report, the stock closed at $28.07.

Deutsche Bank reiterated their Buy stance on October 16, and decreased their price target from $45 to $40. This corresponds to a 48.37% upside from the last closing price. On the date of report, the stock closed at $28.86.

Another research firm was Barclays who initiated their coverage on the stock with Underweight rating on October 14. Barclays fixed their price target at $26. This translates to a 3.56% downside from the last closing price. On the date of report, the stock closed at $29.42.

Company profile

Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home. The Company’s products include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. Hewlett-Packard sells its products worldwide.

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