Hewlett-Packard Shares Look Cheap Despite Big Rebound

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Hewlett-Packard Shares Look Cheap Despite Big Rebound

by Wochit 0:46 mins

Hewlett-Packard Shares Look Cheap Despite Big Rebound

by Wochit 0:46 mins

Shares of Hewlett-Packard Co are poised to rise by 20 percent over the next year, helped by an expected pickup in information-technology spending, according to an article in the April 7 edition of Barron's. The financial newspaper added that HP's stock has risen 46 percent in the past year, but with a valuation of 8.7 times projected earnings over the next four quarters, it still trades at a 44 percent discount to the market. Barron's pointed to a report that said if HP can gain an extra point of market share in the computer servers market, it would be worth around $400 million in revenue.

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