Goldman Sachs Reiterates Sell Rating for Hewlett-Packard Company (HPQ)

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Hewlett-Packard Company (NYSE:HPQ)‘s stock had its “sell” rating reiterated by analysts at Goldman Sachs in a research report issued to clients and investors on Friday.

Hewlett-Packard Company (NYSE:HPQ) traded up 6.14% during mid-day trading on Friday, hitting $33.73. 21,038,384 shares of the company’s stock traded hands. Hewlett-Packard Company has a 52-week low of $20.25 and a 52-week high of $33.90. The stock’s 50-day moving average is $32.50 and its 200-day moving average is $29.54. The company has a market cap of $63.922 billion and a price-to-earnings ratio of 11.64. Hewlett-Packard Company also was the target of some unusual options trading activity on Wednesday. Investors acquired 13,657 put options on the stock. This represents an increase of 101% compared to the average volume of 6,804 put options.

Hewlett-Packard Company (NYSE:HPQ) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.41 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Hewlett-Packard Company will post $3.71 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 2.01%. The ex-dividend date is Monday, June 9th. This is an increase from Hewlett-Packard Company’s previous quarterly dividend of $0.15.

HPQ has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hewlett-Packard Company in a research note on Tuesday. Separately, analysts at Brean Capital raised their price target on shares of Hewlett-Packard Company from $34.00 to $40.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest upgraded shares of Hewlett-Packard Company from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.26.

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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