Mizuho Securities Remains Sidelined on HP, Inc. (HPQ) Following 4Q

November 23, 2016 8:06 AM EST
Get Alerts HPQ Hot Sheet
Price: $16.16 +0.06%

Rating Summary:
    13 Buy, 23 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
Trade HPQ Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

Mizuho Securities reiterated a Neutral rating and $14.00 price target on HP, Inc. (NYSE: HPQ) following the company's 4Q earnings report. HPQ reported total revenue of $12.5bn, ahead of the consensus estimate of $11.9bn. Upside in the quarter was driven by PSG performance of +4% Y/Y with management calling out better execution leading to market outperformance.

Analyst Abhey Lamba commented, "HPQ reported better than expected fourth quarter revenues while EPS was in-line. PSG drove outperformance on better consumer units into the holiday season while printing remained weak due to the ongoing supplies inventory adjustment announced earlier this year. For outlook, management reiterated its FY17 EPS forecast. We acknowledge n-t PSG traction, however, we continue to view the end-market as challenged beyond n-t product cycles. We remain on the sidelines as we see limited upside to estimates in the n-t. Maintain Neutral rating and $14 PT."

For an analyst ratings summary and ratings history on HP, Inc. click here. For more ratings news on HP, Inc. click here.

Shares of HP, Inc. closed at $15.95 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Earnings

Add Your Comment