Shares of HP Inc. (NYSE:HPQ – Get Free Report) have earned an average recommendation of “Reduce” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $23.3333.
A number of research analysts have issued reports on HPQ shares. Evercore set a $22.00 price target on HP in a report on Thursday, February 19th. Barclays boosted their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Citigroup boosted their price objective on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th.
HP Trading Up 2.1%
HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results 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 negative return on equity of 581.36% and a net margin of 4.45%.The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the previous year, the company posted $0.71 earnings per share. HP’s revenue for the quarter 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. Equities research analysts predict that HP will post 2.98 earnings per share for the current fiscal year.
HP Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.30 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. HP’s payout ratio is 44.28%.
Institutional Trading of HP
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its position in shares of HP by 24.1% in the first quarter. Parallel Advisors LLC now owns 20,653 shares of the computer maker’s stock valued at $397,000 after buying an additional 4,007 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of HP by 47.6% in the first quarter. NewEdge Advisors LLC now owns 336,423 shares of the computer maker’s stock valued at $6,463,000 after buying an additional 108,468 shares in the last quarter. First Nebraska Trust Co purchased a new stake in shares of HP in the first quarter valued at approximately $1,513,000. Groupe la Francaise increased its position in shares of HP by 14.9% in the first quarter. Groupe la Francaise now owns 203,459 shares of the computer maker’s stock valued at $3,908,000 after buying an additional 26,339 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of HP in the first quarter valued at approximately $796,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.
HP Company Profile
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.
Featured Stories
- Five stocks we like better than HP
- Cooking Up Profits: Cracker Barrel’s Turnaround
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
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.
