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6 Oversold Stocks, Big Name Tech On Sale

HPQ Chart HPQ data by YCharts

Hewlett-Packard (HPQ - Get Report)

Background: Hewlett Packard is one of the leading global providers of computing and imaging solutions and services for business and home. The company is headquartered in Palo Alto, Calif. Hewlett-Packard trades an average of 19.8 million shares per day with a marketcap of $33 billion.

52-Week High: $30.00

52-Week Low: $16.23

Book Value: $16.07

The average analyst target price for HPQ is $23.03. Looking at the chart, it appears HP has miles to climb before thinking of closing above $23. If there is one company on Wall Street in dire need of change at the top it's this one.

With HP, you have two choices, either flirt with it and take a point or two and call it good, or buy it and forget it. Unless you're fully stocked up on Rolaids, you don't want to check the price of your shares often.

The company currently pays 53 cents per share in dividends for a yield of 3.07%. The shares have fallen so much that the company is attractive as a yield play. The payout ratio is expected to float under 40% even if earnings fall further. Over the last five years, the dividend has grown by an average of 4.6% per year, but don't count on increases in the dividend unless the top and bottom lines improve.

Short sellers have not gathered in strength yet. The short interest based on the float is not a big concern. Short interest is near 3.7%. HPQ Revenue Chart HPQ Revenue data by YCharts
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