Hewlett-Packard Company Stock Rating Reaffirmed by Deutsche Bank (HPQ)

On the last day of trading company shares ended up $4.98.

Hewlett-Packard Company (NYSE:HPQ) had a weak trading session and its shares were last down at $26.71, down -0.76% or -2.77 points. The third quarter result of Hewlett Packard was in line with what was anticipated and much better than what investors thought it will be. The company has a market capitalization of $48.01 billion and a price-to-earnings ratio of 10.89.

As many as 19 brokerage firms have rated Hewlett-Packard Company (NYSE:HPQ) at 2.05.

In other news, EVP Tracy S. Keogh sold 213,522 shares of the firm’s stock in a transaction on Wednesday, June 3rd. Hewlett-Packard Company presently has an average rating of “Buy” and a consensus target price of $39.25.

Hewlett-Packard Company (NYSE:HPQ) ensharesed a rise of 9.3% or 1,883,500 shares in the short positions. The final number of shares to be repurchased and the aggregate cost per share to Caterpillar will be based on Caterpillar’s volume-weighted average stock price during the term of the transaction, which is predictable to be accomplished in September 2015.

Hewlett-Packard updated investors on how far the company is in the process of splitting, noting that that HP Enterprise filed important documentation with the SEC on July 1 and new board members for each company have been appointed.

On the other hand, S&P Capital analyst Angelo Zino maintained a Strong Buy on Hewlett-Packard on August 21, basing his rating on his optimism of the impending split. The stock’s 50 day moving average is $29.66 and its 200 day moving average is $32.37.

Out of 36 analyst covering the stock, 21 rate it a Buy, and 14 advocate a Hold. Cantor Fitzgerald reiterated a hold rating and issued a $35.00 price objective on shares of Hewlett-Packard Company in a research note on Monday, May 18th. The disclosure for this sale can be found here. Revenue of $25.3 billion was more-or-less in-line, compared to the Street’s estimate of $25.4 billion and earnings per share (EPS) beat the consensus by three cents. During the same period past year, the firm posted $0.89 EPS. Of the 13 analyst estimates, the most positive sees the stock reaching $45 within the next 12 months while the most conservative analyst sees the stock at $30 within the year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. This represents a $0.70 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, September 4th.

Hewlett-Packard Company is a global supplier of products, technologies, program, solutions and services to individual consumers, small- and medium-sized businesses (NYSE:HPQ) and big enterprises, including customers in the government, health and education sectors. The Company offers IT industry’s broadest portfolios of products and services that bring infrastructure, software, and services through innovation to enable its customers to create value and solve business problems. The Organization designs its options by leveraging the breadth of its own offerings and also the strengths and abilities of its own individual business units, to provide foundation, in the aspects of security, cloud, big and mobility data. He also commented that HP’s services business faces concerns such as structural headwinds, but the company’s $2 billion multi-year cost reduction program (that is yet to begin) will allow it to achieve double-digit operating margins in the future.