Stock Update: Hewlett-Packard Company (NYSE:HPQ) – Hewlett-Packard Wins $548M DoD Contract

Hewlett-Packard Company (NYSE:HPQ) [Zacks] – The Enterprise Service division of Hewlett-Packard announced that it has been awarded a task order by the Defense Manpower Data Center of the U.S. Department of Defense.
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Hewlett-Packard Company (HPQ), with a current value of $57.35B, started trading this morning at $29.99.
 
Today’s price range has been between $29.85 and $30.20 per share and has traded between $19.07 and $30.71 over the past year.
 
HPQ shares are currently priced at 8.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 29.18x forward p/e ratio.
 
The company pays shareholders $0.58 per share annually in dividends, yielding 1.90%.
 
According to a consensus of 28 analysts, the earnings estimate of $0.88 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.71 is a $0.15 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.40 Billion. If reported, that would be a 0.65% decrease over the year-ago quarter.
 
More recently, Argus upgraded HPQ from Hold to Buy (Feb 24, 2014). Previously, Mizuho upgraded HPQ from Underperform to Neutral.
 
When considering if perhaps the stock is under or overvalued, the average price target is $31.78, which is 5.97% above where the stock 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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