BMO Capital Markets Lowers Price Target, Estimates on Hewlett-Packard (HPQ)

BMO Capital Markets Lowers Price Target, Estimates on Hewlett-Packard (HPQ)

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Analysts at BMO Capital Markets cut their earnings estimates and price target on PC maker Hewlett-Packard Company (HPQ) due to the downside risks to the company’s near-term guidance.

The analysts rate HPQ as “Market Perform” and now see shares reaching $24. This price target suggests a 15% upside to the stock’s Monday closing price of $20.93.

Hewlett-Packard shares were flat during pre-market trading on Tuesday. The stock is up 46.88% year-to-date.

The Bottom Line

Shares of Hewlett-Packard (HPQ) offer a dividend yield of 2.77% based on Monday’s closing price of $20.93 and the company’s annualized dividend payout of 58 cents per share.

Hewlett-Packard Company (HPQ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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