Stock Update (NYSE:HPQ): 3D Systems names former HP executive as CEO

[Reuters] – REUTERS – 3D printer maker 3D Systems Corp said it appointed former HP Inc executive Vyomesh Joshi as its president and chief executive. Joshi, who headed HP’s printing business, succeeds Andy Johnson, … Read more on this. HP Inc. (HPQ) , valued at $21.09B, opened at $12.24. Looking at the equity, the company’s one day range is $12.09 to $12.30 with the price of the stock fluctuating between $8.91 to $16.17 over the last 52 weeks. HPQ shares are currently priced at 7.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.63x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.50 per share annually in dividends, yielding 4.05%. 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. The full-year EPS estimate is $1.59, which would be a $1.59 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.76 Billion. If reported, 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. The average price target for HPQ shares is $13.55, which is 10.70% above where the stock opened this morning. See more in (NYSE:HPQ) Similar Articles: Company Update: Hewlett-Packard Company (NYSE:HPQ) – Will HP Need More Than Its Dividend to Keep Investors? Stock Update (NYSE:HPQ): HP Enterprise Climbs On Upbeat Q1, Full-Year Forecast Stock Update (NYSE:HPQ): Hewlett-Packard (HPQ) Stock Rating Initiated at Barclays