HP stock down 8.6%
Shares of consumer technology company Hewlett-Packard (HPQ) have fallen 8.6% in the last two trading days. HP stock fell 3.5% on February 2, 2018, and it fell over 5.3% on February 5 to close at $21.29. HP is now trading 41% above its 52-week low of $15.09 and 12% below its 52-week high of $24.1.
HPQ’s recent price fall has meant that it’s now trading below its moving averages. The stock is trading 0.6% below its 100-day moving average of $21.43, 3% below its 50-day moving average of $21.95, and 7.5% below its 20-day moving average of $23.03.
HP trading at a discount of 17% to median target estimates
The recent sell-off means that like Apple (AAPL), Hewlett-Packard will also be trading at a discount to analysts’ median estimates. Of the 18 analysts tracking HP, nine have recommended “buys” on the stock, while nine have recommended “holds” on the stock. No analysts have recommended “sells” on HPQ. The average 12-month target price for the stock is $24.5 with a median target price of $25, indicating that it’s trading at a discount of 17.4% to analysts’ median estimate.
HPQ has risen almost 40% in the trailing-12-month period despite the sell-off in the last two days. It generated returns of 46% in 2017 as well.