Hewlett-Packard Company Given New $35.00 Price Target at Mizuho (HPQ)

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Mizuho lifted their price target on shares of Hewlett-Packard Company (NYSE:HPQ) from $30.00 to $35.00 in a research note issued on Thursday. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential downside of 0.46% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs upgraded shares of Hewlett-Packard Company from a “sell” rating to a “neutral” rating in a research note on Thursday. They now have a $32.00 price target on the stock, up previously from $25.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Hewlett-Packard Company in a research note on Friday, May 30th. They now have a $40.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hewlett-Packard Company presently has a consensus rating of “Buy” and a consensus target price of $33.19.

Hewlett-Packard Company (NYSE:HPQ) opened at 35.16 on Thursday. Hewlett-Packard Company has a 52-week low of $20.25 and a 52-week high of $35.20. The stock has a 50-day moving average of $33.02 and a 200-day moving average of $30.4. The company has a market cap of $65.797 billion and a P/E ratio of 12.38. Hewlett-Packard Company also saw a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 30,007,034 shares, an increase of 10.9% from the May 15th total of 27,053,365 shares. Based on an average daily trading volume, of 16,315,825 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.6% of the shares of the company are sold short.

Hewlett-Packard Company (NYSE:HPQ) last released its earnings data on Thursday, May 22nd. The company reported $0.88 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.88. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.41 billion. During the same quarter last year, the company posted $0.87 earnings per share. Hewlett-Packard Company’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Hewlett-Packard Company will post $3.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, June 9th. This is an increase from Hewlett-Packard Company’s previous quarterly dividend of $0.15.

Hewlett-Packard Company (NYSE:HPQ) 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.

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