Company Update: Hewlett-Packard Company (NYSE:HPQ) – IDC confirms Dell overtakes HP in U.S. PC market share

[at MarketWatch] – Market data firm International Data Corp. confirmed late Monday that Dell overtook HP Inc. as the market-share leader in the dwindling U.S. PC market, while Lenovo managed to hold onto its lead worldwide. … Read more on this. HP Inc. (HPQ) , with a current value of $21.07B, opened at $12.10. A quick look at the market, the company’s stock traded between $12.10 and $12.44 and has traded between $8.91 and $16.17 over the past 12 months. HPQ shares are currently priced at 7.54x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 9.37x earnings multiple. The company pays shareholders $0.50 per share annually in dividends, yielding 4.11%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $0.38 per share, which would be $0.49 worse than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.59 is a $1.59 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.76 Billion. If realized, that would be a 53.79% decrease over the year-ago quarter. More recently, Wells Fargo downgraded HPQ from Outperform to Market Perform (Jan 7, 2016). Previously, FBN Securities Initiated HPQ at to Sector Perform. When considering if the stock is under or overvalued, the average price target is $13.55, which is 11.98% above where the stock opened this morning. See more in (NYSE:HPQ) Similar Articles: Market Update: Hewlett-Packard Company (NYSE:HPQ) – Investors Should Catch HP Before It Rebounds Market Update: Hewlett-Packard Company (NYSE:HPQ) – Hewlett-Packard Rises On Inline Results, Job Cuts (HPQ) Stock Update: Hewlett-Packard Company (NYSE:HPQ) – Should You Invest in Shares of HP or Hewlett Packard Enterprise?