Hewlett-Packard Company (NYSE:HPQ): A Stock to Watch

[MarketWired] Hewlett-Packard Company (NYSE:HPQ) announced new HP ProLiant Moonshot solutions, further expanding the portfolio of customized end-to-end compute solutions designed to enable business innovation while lowering datacenter costs. The announcement includes new HP Moonshot solutions for:

• Application delivery with Citrix XenApp
• Video transcoding with Harmonic Inc. and Vantrix
• Web infrastructure in-a-box
• Managed web hosting

Stock PerformanceTaking a look at the company’s recent performance, HPQ reported Third quarter earnings for fiscal 2014 on August 20^th. The company reported actual earnings per share of $0.89 against the consensus Street estimate of $0.89. This represents year over year growth of 3.37%. HPQ posted revenue of $27.59 billion against estimates of $27.00 billion.Hewlett-Packard Company (HPQ) is currently valued at $65.28 billion and closed the last trading session at $34.94. The stock has a 50-day moving average of36.44 and a 200-day moving average of $34.21.

Is this a Buying Opportunity?There are currently twenty three analysts that we track that cover the stock. Of those twenty three, thirteen have a Buy rating and ten have a hold rating . On a consensus basis this yields a score of 2.57 and a Buy. The combined price objective of these covering analysts is $34.48, which represents a 2.05% downside difference to the last closing price.The most recent analyst activity consisted of Zacks Investment Research reiterating rating with Neutral stance on the company. Zacks has a price target of $39.00 which represents an upside of 4.98% from the last closing price. On the date of the report, the stock closed at $37.15.Another research firm weighing in recently was FBN Securities who upgraded their Outperform on the stock. On August 21^st FBN Securities boosted their price target on the stock from $ 35.00 to $45.00, or a 21.62% upside to the current price. On the day of the report, HPQ shares closed at $37.00.Company ProfileHewlett-Packard Company (NYSE:HPQ), together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Its Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support, and services for the commercial and consumer markets.