Citigroup Has Lowered Expectations for HP (NYSE:HPQ) Stock Price

HP (NYSE:HPQ) had its price target lowered by Citigroup from $29.00 to $27.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the computer maker’s stock. Citigroup’s price objective suggests a potential upside of 7.25% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Evercore ISI reaffirmed an “in-line” rating and issued a $29.00 price objective on shares of HP in a research note on Wednesday, September 10th. Sanford C. Bernstein initiated coverage on shares of HP in a research report on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price on the stock. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.67.

HP Stock Performance

HP stock traded up $0.45 during midday trading on Wednesday, hitting $25.18. 10,317,468 shares of the company’s stock were exchanged, compared to its average volume of 9,003,980. The company has a market cap of $23.53 billion, a P/E ratio of 9.19, a PEG ratio of 2.23 and a beta of 1.28. The stock has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $26.54. HP has a 52-week low of $21.21 and a 52-week high of $39.79.

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

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at $4,711.72. This trade represents a 99.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in HP during the 1st quarter valued at approximately $25,000. Westfuller Advisors LLC bought a new stake in HP during the third quarter worth approximately $28,000. Laurel Wealth Advisors LLC increased its position in shares of HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of HP in the second quarter valued at $27,000. Finally, Caitlin John LLC purchased a new stake in HP in the 3rd quarter worth about $30,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

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.