HP Enterprises was meant to be the star of the HP split
But it is HP Inc (HPQ) that has shone brightest as revenues and profits increased strongly
Recently reported Q1 results saw revenues up 15% driven by strong demand for ultrapremium notebooks. But the deskbook is also performing strongly and opportunities in 3D printing growing.
The stock is trading on a forward PE of 12.2 times 2018 forecasts and 10.9 time 2020 forecasts. A more reasonable multiple of 14 would see the SP rise 30%.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
https://www.fool.com/investing/2018/03/02/is-hp-inc-a-turnaround-buy.aspx
Submitted March 03, 2018 at 05:55AM by InterestingNews1 http://ift.tt/2Fl2iq6
