HPQ: Barclays Raises Hewlett-Packard Price Target to $33

by Karl Utermohlen | March 18, 2014 2:36 pm

HPQ: Barclays Raises Hewlett-Packard Price Target to $33

Hewlett-Packard (HPQ[1]) received a price target increase from analysts that increased company shares.

Hewlett Packard building Tunisia630 300x153 HPQ: Barclays Raises Hewlett Packard Price Target to $33[2]
Source: Flickr[3]

Barclays analysts raised[4] 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.

Endnotes:
  1. HPQ: http://studio-5.financialcontent.com/investplace/quote?Symbol=HPQ
  2. [Image]: http://investorplace.com/wp-content/uploads/2011/08/Hewlett_Packard_building_Tunisia630.jpg
  3. Flickr: http://www.flickr.com/photos/hdryx/
  4. analysts raised: http://www.wkrb13.com/markets/266717/hewlett-packard-price-target-increased-to-33-00-by-analysts-at-barclays-hpq/

Source URL: http://investorplace.com/2014/03/hpq-hewlett-packard/
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