Filed Under:  U.S. & World

Analyst Actions: Hewlett-Packard Company Upgraded to Buy from Hold At Maxim

Contributed by on November 24, 2015 at 11:52 am

HP Inc.is headquartered in Palo Alto, California”.



Hewlett Packard Enterprise has deepened its cloud and mobility ties with Microsoft, announcing the availability of its Cloud Productivity & Mobility Solution Offerings (CPM) specifically designed for Windows 10.

For the current quarter, Wall Street brokerages are anticipating earnings of $-0.03 per share for the quarter ending on 2015-11-30. The two companies are now scheduled to jointly release the fourth-quarter fiscal 2015 results of the parent company on Nov 24. The company has a market cap of $25.73 billion and a PE ratio of 5.86.

HP INC, formerly Hewlett-Packard Company, is a global well-known provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors.

What are the estimates Hewlett Packard Company’s earnings? On a trailing twelve month basis, the company’s earnings per share stands at 2.44.

Maxim Group upgraded the shares of Hewlett-Packard in a note on November 23 to “Buyrating. This represents a -1.136% difference between analyst expectations and the Hewlett Packard Company achieved in its quarterly earnings. Citigroup Inc. reiterated a buy rating and issued a $39.00 price objective (down previously from $41.00) on shares of Hewlett-Packard Company in a research note on Saturday, August 22nd.

On the revenue front, both FactSet and Estimize expect HP Inc to record sales of $12.9 billion. In the last 50 and 100 days, Hewlett-Packard is down 47.37% and down 53.34%, respectively. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $16.75. The stock had a trading volume of 3,206,396 shares. They were up 1.4% in afternoon trade on Monday. Hewlett-Packard Company has a one year low of $11.04 and a one year high of $18.66. The company has an average rating of Hold and a consensus price target of $26.27.

Hewlett Packard Enterprise Co – Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter. The Enterprise Services segment offers consulting, outsourcing and support services across infrastructure, applications and business process domains; application and business services.

The new 12 month price target of $17 is based on a 13x multiple on acquisition-adjusted normalized FCF.

“While there are a host of secular/strategic hurricane-like headwinds facing HP (and its mature, tech brethren such as Oracle, IBM, EMC/Dell and Cisco) in the field, the big topic for tech investors will be if this split and “renewed focus” will have a positive impact on the enterprise business and is finally the spark for Whitman & Co.to go on a surge of M&A in 2016″, said Ives.

Partnership News Overview: Microsoft Corporation (NASDAQ:MSFT) and Hewlett