Hewlett-Packard HPQ is hitting a new intra-day high. The shares are up 1.22% to $42.20. The company will be reporting earnings on Monday after the closing bell. Wall Street analysts anticipate the company will report earnings per share of $1.27. In the year ago period the company reported EPS of $1.14.
This stock is cheap. The only question is whether it will get cheaper? HPQ trades at a trailing P/E of 11.79, a forward P/E of just 8.23 and a PEG ratio of 0.91. The median Wall Street price target on HPQ is $53.50 with a high target of $65.00.
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