HP shares climb to highest level since Feb. 2011 as RBC hikes estimates and price target [MarketWatch]
HP Inc. (HPQ)
Last hp inc. earnings: 2/24 04:05 pm
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Source: MarketWatch
HP shares climb to highest level since Feb. 2011 as RBC hikes estimates and price target Shares of HP Inc. HPQ, +1.25% rose to their highest level since Feb. of 2011 early Wednesday, after RBC raised earnings estimates and its stock price target to incorporate new company guidance. "We think HPQ's FY18 guide is inherently conservative and could enable sustained beats/raises over the next few quarters," analysts led by Amit Daryanani wrote in a note. RBC raised its stock price target to $26 from $22, and lifted its fiscal 2018 EPS estimate to $1.81 from $1.74 and its revenue estimate to $52.0 billion from $50.8 billion. The company said it expects a flat year for printing and a down year for PCs, where it will mainly focus on adjacent markets and share gains. "Commodity markets should remain challenging but likely peak in FQ4 (October); that headwind should be offset by cost-reduction initiatives," said the note. Shares were last trading up 0.9% and have gained about 45% in 2017, wh
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HPQ
Earnings
- 2/28/24 - In-Line
HPQ
Sec Filings
- 4/19/24 - Form 8-K
- 4/3/24 - Form 4
- 3/26/24 - Form PX14A6G
- HPQ's page on the SEC website