HP Inc. (NYSE:HPQ) Receives Average Rating of “Reduce” from Brokerages

HP Inc. (NYSE:HPQGet Free Report) has received an average recommendation of “Reduce” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.3333.

A number of equities analysts have issued reports on HPQ shares. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. The Goldman Sachs Group lifted their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. increased their price target on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th.

Check Out Our Latest Stock Analysis on HP

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total transaction of $294,461.52. Following the transaction, the insider directly owned 81,676 shares of the company’s stock, valued at $2,285,294.48. This trade represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HP

Several hedge funds have recently modified their holdings of HPQ. Garner Asset Management Corp bought a new position in shares of HP in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in HP during the fourth quarter worth $26,000. SHP Wealth Management bought a new stake in HP during the fourth quarter worth $26,000. Sound Income Strategies LLC boosted its position in HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares during the last quarter. Finally, Union Savings Bank purchased a new position in HP in the fourth quarter worth $28,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 0.2%

HPQ opened at $27.32 on Monday. HP has a 1-year low of $17.56 and a 1-year high of $29.65. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 4.60 and a beta of 1.17. The company’s fifty day moving average price is $24.69 and its two-hundred day moving average price is $21.41.

HP (NYSE:HPQGet Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities analysts forecast that HP will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. HP’s dividend payout ratio is presently 44.28%.

About HP

(Get Free Report)

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.

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Analyst Recommendations for HP (NYSE:HPQ)

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