The stocks of HPQ were the bull’s eye for the significant decrease in a March short interest. As far as the previous month goes, the short interest had a combined total of around 16,310,000 shares- which was quite a decrease from the 15th March short interest of 23,960,000 shares.
The Quarterly Estimates Of HPQ
There have been quite a few research equities that have commented on the stocks of HPQ. Cowen has already increased the price target of the company from $23 to $27 with a rating of “market perform” in a 26th February research report. Morgan Stanley has also increased the price target of the company to $40 with a rating of overweight in a Wednesday research report.
Deutsche Bank has also increased the price target of the company from $21 to $26 with a rating of hold in a 23rd February research report. JPMorgan Chase & Co has also increased the rating of the company from neutral to overweight with a price target set at $35.
Three of the investment analysts covering the firm have already given it a rating of sell, while five others have given it a rating of hold. Close to seven other analysts have given the company a rating of buy. Currently, HPQ has a hold rating with a $23.53 price target.
The stocks of HPQ traded on Friday at $0.36. The year low of the company is $13.39, with a year high of $33.81. The market cap of the firm is $42.36 billion, with a 16.99 PE ratio, and a 1.77 PEG ratio. The moving average price of the company over 50 days is $30.76, with the moving average price of the company over 200 days is $24.70.
HPQ did upload their previous quarterly updates on the 25th of February. The EPS reported by the company was $0.91, while the revenue generated was $15.65 billion.