Hewlett-Packard (HPQ) received a price target increase from analysts that increased company shares.
Barclays analysts raised their HPQ price target from $28.00 to $33.00 in a research report to clients and investors on Friday. The firm has an “equal weight” rating on Hewlett-Packard stock at the moment.
Hewlett-Packard’s last earnings results were announced on Thursday, February 20th. The company’s $0.90 EPS for the quarter beat the Thomson Reuters consensus of $0.84 by $0.06.
The report also showed revenue of $28.20 billion for the quarter which beat the consensus estimate of $27.19 billion.
Analysts predict that Hewlett-Packard will post $3.67 earnings per share for the current fiscal year.
HPQ stock is up about 3.75% on Tuesday afternoon with shares currently selling at about $30.58.