Interesting October Stock Options for Hewlett-Packard – Hewlett-Packard Company (NYSE:HPQ)

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[at Forbes] – Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Hewlett-Packard Co (NYSE: HPQ). So this week we highlight one interesting put contract, and one interesting call contract, from the October expiration for HPQ. The put contract our YieldBoost algorithm identified as […]
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Hewlett-Packard Company (HPQ), currently valued at $39.86B, started trading this morning at $20.89.

During the trading session, HPQ traded between $20.68 to $20.94 with a one year range of $11.35 to $27.78.

HPQ shares are currently priced at 5.88x this year’s forecasted earnings,
which makes them relatively inexpensive compared to the industry’s 18.70x forward p/e ratio.

The company pays shareholders $0.58 per share annually in dividends, yielding 2.70% .

In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $1.00 per share, which would be $0.16 worse than the year-ago quarter but a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.56, which would be $0.49 worse when compared to the last year’s annual results.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.90 Billion. If reported, that would be a 6.88% decrease over the year-ago quarter.

Recently, UBS upgraded (HPQ) from Sell to Neutral (Feb 22, 2013).
Previously, RBC Capital Mkts downgraded (HPQ) from Outperform to Sector Perform. ISI Group downgraded (HPQ) from Buy to Hold.

Given all the information above, we should disclose to readers that the average price target is $24.65, which is 18.00% above than it opened this morning.

Hewlett-Packard Company (NYSE:HPQ) and its subsidiaries provide products, technologies, software, solutions and services to individual consumers, small-and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors worldwide.

Tag Helper ~ Stock Code: HPQ | Common Company name: Hewlett-Packard | Full Company name: Hewlett-Packard Company (NYSE:HPQ) .

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