Stock Update: Hewlett-Packard Company (NYSE:HPQ)

[Marketwired] Symantec and Hewlett-Packard Company (NYSE:HPQ) Enterprise Services today announced a joint partnership to develop a new Disaster Recovery as-a-Service (DRaaS) solution based on HP Helion OpenStack. The HP Helion and Symantec Continuity offering will help enterprise and SMB customers to minimize recovery times, data loss, and associated downtime costs. The increased variance of enterprise data storage environments has created a need for a disaster recovery solution that works across multiple computing environments, including on-premises, public cloud and managed cloud. The HP/Symantec DRaaS solution will leverage HP’s enterprise cloud as the disaster recovery in order to deliver cost savings, automation and self-service user experience. The service will help customers achieve system and application recovery SLAs and meets industry standards for security.

There are currently twenty three analysts that we track that cover the stock.  Of those twenty three, thirteen have a Buy rating and ten have a hold rating .  On a consensus basis this yields a score of 2.57 and a Buy.  The combined price objective of these covering analysts is $34.48, which represents a 2.05% downside difference to the last closing price.

A recent analyst activity consisted of Zacks Investment Research reiterating rating with Neutral stance on the company.  Zacks has a price target of $39.00 which represents an upside of 4.98% from the last closing price.  On the date of the report, the stock closed at $37.15.

Another research firm weighing in recently was FBN Securities who upgraded their Outperform on the stock.  On August 21st FBN Securities boosted their price target on the stock from $ 35.00 to $45.00, or a 21.62% upside to the current price.  On the day of the report, HPQ shares closed at $37.00.

Hewlett-Packard Company (NYSE:HPQ), together with its subsidiaries, provides 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. Its Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support, and services for the commercial and consumer markets.

Stock Update: Hewlett-Packard Company (NYSE:HPQ) was last modified: November 19th, 2014 by Seth Talluto

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