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HP+Incorporated+Splits
Tuesday, 10 November 2015 - 11:41
HP Incorporated Splits
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HP Incorporated shares could rise into the 'high teens' next year if the company can maintain profitability in its printer and computer business and return money to shareholders via dividends and buybacks.

Shares in HP, which last week was split from Hewlett Packard's technology and server business, Hewlett Packard Enterprise, closed at 14 dollars and 01 cent on Friday.

HP trades at 8 times projected earnings of 1 dollar and 72 cents per share in the fiscal year ending October 2016, which is low compared with peers, including Lexmark International, Xerox, and Canon.

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