HP (NYSE:HPQ) Raised to Buy at Wall Street Zen

HP (NYSE:HPQ) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Barclays cut their target price on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, August 28th. Evercore ISI reissued an “in-line” rating and set a $29.00 target price on shares of HP in a research note on Wednesday, September 10th. Finally, Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.71.

HP Trading Up 0.7%

HP stock opened at $27.39 on Friday. HP has a twelve month low of $21.21 and a twelve month high of $39.79. The stock has a 50 day moving average of $27.54 and a two-hundred day moving average of $26.12. The stock has a market capitalization of $25.60 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.20 and a beta of 1.29.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts predict that HP will post 3.56 earnings per share for the current year.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HP

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of HP by 1.9% in the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after purchasing an additional 2,395,056 shares during the period. Dodge & Cox grew its position in shares of HP by 4.6% in the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock valued at $854,718,000 after purchasing an additional 1,537,945 shares during the period. Geode Capital Management LLC grew its position in shares of HP by 1.6% in the second quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock valued at $638,720,000 after purchasing an additional 424,544 shares during the period. Invesco Ltd. grew its position in shares of HP by 15.9% in the second quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after purchasing an additional 1,806,246 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock valued at $277,265,000 after purchasing an additional 724,020 shares during the period. 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.