Hewlett-Packard Company (NYSE:HPQ) – [video] Not buying Hewlett-Packard ‘Superpod’ story: Pro

Hewlett-Packard Company (NYSE:HPQ) [at CNBC] – FMHR trader Jon Najarian thinks the new partnership between Salesforce and Hewlett-Packard “will be huge,” while Jim Lebenthal of Lebenthal & Co. is not buying the story.
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Hewlett-Packard Company (HPQ), with a current value of $53.51B, opened this morning at $28.08.
 
Looking at today’s trading action, the company’s one day range from $27.84 to $28.18 with its 52-week range being $13.60 to $28.70.
 
HPQ shares are currently priced at 7.52x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 38.79x earnings multiple.
 
And for income investors, the company pays shareholders $0.58 per share annually in dividends, yielding 2.10%.
 
In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.84 per share, which would be $0.02 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.66 is a $0.10 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.18 Billion. If reported, that would be a 4.16% decrease over the year-ago quarter.
 
More recently, Mizuho upgraded HPQ from Underperform to Neutral (Oct 10, 2013). Previously, UBS upgraded HPQ from Sell to Neutral.
 
The average price target for HPQ shares by the analysts covering it is $27.14, which is 3.35% below where the stock opened.
 
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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