Reaffirmed: Hewlett-Packard (NYSE:HPQ) “Buy” Rating Restated by Analysts at Argus; $16.00 Target in Place

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Hewlett-Packard (NYSE:HPQ) Rating Reaffirmed

Argus now has a $16.00 target price on shares of Hewlett-Packard (NYSE:HPQ). The target price would possibly suggest a potential upside of 31.69% from the last stock close of Hewlett-Packard (NYSE:HPQ). This rating was released in a comprehensive report on Thursday morning.

From a total of 22 analysts covering Hewlett-Packard (NYSE:HPQ) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 16 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is $19 while the lowest target price is $13. The mean of all analyst targets is $15.39 with a 87.58% above today’s ($12.24) stock price. Hewlett-Packard was the topic of 53 analyst reports since August 17, 2015 according to the firm StockzIntelligence Inc. FBN Securities initiated shares on November 25 with “Sector Perform” rating. Brean Capital initiated shares with “Buy” rating and $18 target share price in a report from a November 6. Credit Suisse maintained HPQ stock in a recent report from November 25 with “Outperform” rating. Barclays Capital upgraded the rating on November 4. Barclays Capital has a “Equal-Weight” rating and a $14 price target on shares. Finally, Maxim Group upgraded the stock to “Buy” rating in a report issued on a November 23.

Approximately 18.38M shares of stock traded hands. HP Inc (NYSE:HPQ) has declined 63.75% since April 30, 2015 and is downtrending. It has underperformed by 63.47% the S&P500.

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. The company has a market cap of $22.10 billion. The Firm offers IT industry’s broadest portfolios of services and products that bring infrastructure, software, and services through innovation to enable its clients to create value and solve business problems. It has 4.94 P/E ratio. The Firm creates its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units.

According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.” Get a free copy of the Zacks research report on HP Inc (HPQ).

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