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Raymond James restated “Hold” rating on HPQ

Hewlett-Packard Company was given a “Hold” rating at Raymond James on Monday. 

Many research companies weighed in on HPQ as well. Bank of America reassigned a rating of neutral and set a price objective of $18.00 on November 2nd. Barclays lifted an underweight rating into an equal weight rating and downgrade their price objective from $26.00 to $14.00 on November 4th. Citigroup Inc. lowered their buy rating to neutral on November 3rd. JPMorgan Chase & Co. downgrade an overweight rating to neutral and issued a price objective from $31.00 to $14.00 on November 4th. Lastly, Sanford C. Bernstein started coverage on HPQ on November 3rd. The stock was assigned an outperform rating. One analysts of which gave a sell rating on company share, nineteen stated a rating of hold, twelve gave a rating of buy, and one has assigned a strong buy. The average rating of the firm posted a Hold rating, along with an average price objective of $23.14. 


Company shares of HPQ declined 4.61% on Monday session and settled at $10.77, with a trading volume amounting to 25,073,605 shares. It posted a $12.32 on its 50-day moving average and a $12.92 on 200-day moving average. The market cap of the firm stands at $19.30 billion, along with a 4.34 PE ratio. Moreover, it registered a $10.72 on its 12-month low, while an $18.66 to 12-month high.

The financial earnings report of HPQ was currently issued on November 24th. It posted its quarterly earnings per share of $0.93, topping the expected estimate of $0.44 by $0.49. Moreover, its quarterly revenue registered $25.71 billion, not meeting the expected estimate of $12.84 billion. Amid the same period prior year, it has earned an earnings per share of $1.06. However, its quarterly revenue appears to decline 9.5%, compared to the same quarter prior year. On average, analysts are anticipating HPQ to post an earnings per share of $1.77 for the current fiscal year. 

Its dividend for the quarter was recently issued and was paid on January 6th. Shareholders of record on December 9th were issued a dividend of $0.124. The ex-dividend date was December 7th. It appears that a dividend on annual basis settled at $0.50, and a 4.61% dividend yield. 


On the December 2nd transaction, Director Rajiv Gupta acquired 80,000 shares of HPQ. The average price of the acquired shares stands at $12.00 per share, with a total value of $960,000.00. After the acquisition, the director currently owns 105,766 shares worth $1,269,192. The transaction was disclosed in a Form 4 Filing with the Securities and Exchange Commission (SEC).

As Raymond James restated “Hold” rating on HPQ, tons of investors will likely watch out for signals about this company stock. You too can earn bigger profits and execute better trades here at Trade12 by reading the latest market updates on our official website, Striving to become the best forex broker for you, Trade12 reviews daily market events essential to your trading activities to help you develop a keen understanding of certain trends involving stocks, currencies, indices, commodities, and metals. With all the positive Trade12 feedback from clients, you will be assured that your trading account is safe and secured.

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