What Analysts Are Recommending for Hewlett-Packard in August
In the trailing 12-month period, Hewlett-Packard (HPQ) stock has risen 31.1%. In the last month, it has risen 3.4%. Since the start of 2017, it has risen 28.0% after rising more than 30.0% in 2016. The stock has also fallen more than 1.5% in the last five trading days. In comparison, shares of peers Apple (AAPL), BlackBerry (BBRY), Samsung (SSNLF), and Western Digital (WDC) have generated returns of 47.0%, 6.5%, 46.0%, and 83.0%, respectively, in the trailing 12-month period.
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Of the 20 analysts covering consumer technology (QQQ) company Hewlett-Packard, 14 have given it a “buy” recommendation, and six have recommended a “hold.” There are currently no “sell” recommendations.
Analysts’ stock price target for the company is $21.46, with a median target estimate of $22. Hewlett-Packard is trading at a discount of 15.5% to the median analyst estimate.
On August 15, 2017, Hewlett-Packard closed the trading day at $19.04. Based on this price, here’s how the stock fared in terms of its moving averages:
- 3.4% above its 100-day moving average of $18.41
- 3.7% above its 50-day moving average of $18.36
- 0.60% below its 20-day moving average of $19.15
MACD and RSI
Hewlett-Packard’s 14-day MACD (moving average convergence divergence) is about -0.04. A stock’s MACD is the difference between its short-term and long-term moving averages. Hewlett-Packard’s negative figure indicates a downward trading trend.
Hewlett-Packard has a 14-day RSI (relative strength index) score of 40, which shows the stock has been somewhat oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.