HP Inc. (NYSE:HPQ) Given Consensus Rating of “Hold” by Brokerages

HP Inc. (NYSE:HPQ) has earned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $29.9583.

A number of equities analysts have commented on HPQ shares. UBS Group lifted their target price on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. TD Cowen decreased their price objective on HP from $38.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. Bank of America reduced their target price on HP from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. Wells Fargo & Company lowered their price target on HP from $35.00 to $25.00 and set an “underweight” rating for the company in a report on Thursday, May 29th. Finally, Morgan Stanley reduced their price objective on shares of HP from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, May 29th.

HP Stock Performance

NYSE HPQ opened at $29.10 on Friday. The stock’s fifty day moving average is $26.37 and its two-hundred day moving average is $26.52. The firm has a market capitalization of $27.20 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. HP has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts forecast that HP will post 3.56 EPS for the current year.

Hedge Funds Weigh In On HP

Hedge funds have recently made changes to their positions in the stock. WPG Advisers LLC purchased a new stake in HP in the first quarter valued at approximately $25,000. Laurel Wealth Advisors LLC grew its stake in shares of HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after buying an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of HP in the 2nd quarter valued at $27,000. Global Trust Asset Management LLC lifted its stake in HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in HP by 72.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock valued at $30,000 after acquiring an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.