HP Inc. (NYSE:HPQ) Stock Rated “Hold” by Sell-Side Brokerages

Shares of HP Inc. (NYSE:HPQ – Get Free Report) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.30.

Several equities analysts recently issued reports on the company. Evercore boosted their price objective on HP from $25.00 to $32.00 in a research report on Thursday, October 8th. KGI Securities increased their target price on HP from $18.00 to $32.00 in a research note on Thursday, August 27th. Loop Capital raised their target price on shares of HP from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, August 28th. TD Cowen lifted their price target on shares of HP from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday, August 27th. Finally, UBS Group upped their price target on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 27th.

View Our Latest Analysis on HPQ

HP Trading Up 0.1%

HPQ stock opened at $28.49 on Wednesday. The business’s 50-day moving average price is $31.65 and its two-hundred day moving average price is $24.75. The firm has a market cap of $25.70 billion, a PE ratio of 10.88, a P/E/G ratio of 1.56 and a beta of 1.16. HP has a 1-year low of $17.56 and a 1-year high of $36.22.

HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that HP will post 3.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 18,997 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the sale, the insider directly owned 169 shares in the company, valued at $5,502.64. This trade represents a 99.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David McQuarrie sold 31,572 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of the sale, the insider directly owned 8,008 shares in the company, valued at $257,216.96. This represents a 79.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

Institutional Trading of HP

Several hedge funds and other institutional investors have recently modified their holdings of HPQ. McKinney Capital Management LLC grew its stake in shares of HP by 4.6% in the third quarter. McKinney Capital Management LLC now owns 62,540 shares of the computer maker’s stock valued at $1,956,000 after buying an additional 2,724 shares in the last quarter. Financial Freedom LLC acquired a new position in HP during the third quarter worth $27,000. Allworth Financial LP increased its holdings in HP by 2.2% during the third quarter. Allworth Financial LP now owns 69,224 shares of the computer maker’s stock worth $2,165,000 after buying an additional 1,522 shares during the last quarter. Altar Rock LLC acquired a new position in HP during the third quarter worth $231,000. Finally, Russell Investments Group Ltd. raised its position in HP by 67.1% during the third quarter. Russell Investments Group Ltd. now owns 1,528,180 shares of the computer maker’s stock worth $47,578,000 after acquiring an additional 613,699 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Company Profile

(Get Free Report)

HP Inc is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers.

The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.

Further Reading

Analyst Recommendations for HP (NYSE:HPQ)

Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.