Buyers In Hewlett-Packard Before Monday's Earnings (HPQ)

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.