BMO Capital Markets Reaffirms Market Perform Rating on Hewlett-Packard (HPQ)

By admin | 6 years ago

Hewlett-Packard (NYSE: HPQ)‘s stock had its “market perform” rating reiterated by investment analysts at BMO Capital Markets in a note issued to investors on Thursday.

Hewlett-Packard traded up 0.18% on Thursday, hitting $21.81. Hewlett-Packard has a 52-week low of $20.57 and a 52-week high of $37.70. The company has a market cap of $43.162 billion and a price-to-earnings ratio of 8.47.

Hewlett-Packard last posted its quarterly earnings results on Wednesday, May 23rd. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.07. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Analysts expect that Hewlett-Packard will post $1.19 EPS next quarter.

HPQ has been the subject of a number of other recent research reports. Analysts at Needham & Company reiterated an “underperform” rating on shares of Hewlett-Packard in a research note to investors on Thursday. Separately, analysts at Sterne Agee cut their price target on shares of Hewlett-Packard to $31.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Mizuho cut their price target on shares of Hewlett-Packard from $30.00 to $25.00 in a research note to investors on Friday, May 11st. They now have a “neutral” rating on the stock.

Hewlett-Packard Company (HP) is a 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.

About the author