Analysts fell to the sidelines weighing in on HP Inc (NYSE: HPQ) and Xcerra (NASDAQ: XCRA) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
HP Inc (NYSE: HPQ)
In a report released today, Tim Long from BMO Capital assigned a Hold rating to HP Inc (NYSE: HPQ), with a price target of $24. The company’s shares opened today at $21.30.
According to TipRanks.com, Long is a 5-star analyst with an average return of 20.0% and a 68.1% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.
HP Inc has an analyst consensus of Hold, with a price target consensus of $24.
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Xcerra (NASDAQ: XCRA)
In a report released today, Craig Ellis from B.Riley FBR maintained a Hold rating on Xcerra (NASDAQ: XCRA), with a price target of $14. The company’s shares opened today at $13.80, close to its 52-week high of $14.17.
Ellis said:
“Wednesday pre-market on 5/23, back end test, contactor, and handler specialist Xcerra’s (XCRA) F3Q18 results of $115.7M (+4.9% Q/Q)/$0.24 were solidly ahead of Street and our forecasts. We initially summarized results in 5/24’s “Strong and now return to XCRA to recap those views and update FY18-20 forecasts. The pending COHU acquisition precluded both product and end market color in the quarter as well as an F4Q18 guide, with the limited information consistent with industry practices in these situations. So, based upon on-cycle reporting laterals, competitive analysis, and peer commentary at our 5/23-5/24 19 th Annual Conference, we adjust FY18-20 estimates with EPS rising by $0.04 each year to $1.03, $1.09 and $1.30, respectively.”
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 39.1% and a 82.7% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Applied Materials, and Brooks Automation.
Currently, the analyst consensus on Xcerra is Hold and the average price target is $14, representing a 1.4% upside.
In a report issued on May 25, D.A. Davidson also maintained a Hold rating on the stock with a $14 price target.
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