HP Inc. (NYSE:HPQ – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $32.78 and last traded at $32.0380, with a volume of 13292535 shares trading hands. The stock had previously closed at $32.64.
HPQ has been the topic of a number of other reports. Barclays raised their price target on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Wells Fargo & Company upped their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. UBS Group raised their target price on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Sanford C. Bernstein restated a “market perform” rating and set a $32.00 target price on shares of HP in a research note on Thursday, August 27th. Finally, Citigroup upped their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.17.
Check Out Our Latest Stock Report on HPQ
Insider Activity at HP
Key HP News
Here are the key news stories impacting HP this week:
- Positive Sentiment: Enterprise AI partnership: HP is collaborating with Red Hat and NVIDIA on an enterprise AI platform designed to run production inference closer to users, applications, machines and data. The planned solution combines HP ZGX Fury systems, NVIDIA’s GB300 Grace Blackwell Ultra Desktop Superchip and Red Hat AI Factory, potentially expanding HP’s role in high-performance computing and edge AI. HP Extends Data-Center AI Architecture to the Edge
- Positive Sentiment: Analyst upgrade: Zacks Research upgraded HP from “hold” to “strong buy,” reinforcing the improving investment case and likely supporting investor confidence.
- Positive Sentiment: Industry demand: Zacks identified HP as a stock to buy within the computer and microcomputer industry, citing resilient demand for enterprise devices despite global macroeconomic challenges. HP was also included in Zacks’ list of broker-favored stocks and its Rank #1 income-stock selections. 2 Stocks to Buy Right Now From the Prospering Computer Industry
- Positive Sentiment: Options-market optimism: Traders purchased 110,665 HP call options, roughly 234% above typical volume, signaling unusually bullish short-term positioning, although options activity can be speculative.
- Neutral Sentiment: Dividend and investor communication: Recent coverage examined HP’s dividend and the company presented at the Goldman Sachs Communacopia + Technology Conference. These items may support income-oriented and long-term investor interest, but no major new financial guidance was highlighted. HP Inc’s Dividend Analysis
Institutional Investors Weigh In On HP
Several large investors have recently modified their holdings of HPQ. BlackRock Inc. purchased a new position in HP in the 2nd quarter valued at $2,357,757,000. State Street Corp raised its position in HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of HP by 2,151.8% in the 2nd quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker’s stock worth $780,272,000 after acquiring an additional 33,984,527 shares during the period. Geode Capital Management LLC boosted its holdings in shares of HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after acquiring an additional 274,033 shares in the last quarter. Finally, Primecap Management Co. CA purchased a new stake in HP in the 2nd quarter valued at approximately $545,984,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.
HP Trading Up 4.2%
The stock has a fifty day simple moving average of $27.80 and a two-hundred day simple moving average of $23.50. The company has a market cap of $29.29 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.18.
HP (NYSE:HPQ – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts anticipate that HP Inc. will post 3.23 EPS for the current fiscal year.
HP Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is presently 45.80%.
About HP
HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.
Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.
HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.
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