HP Inc. (NYSE:HPQ – Get Free Report) has received a consensus recommendation of “Reduce” from the fifteen brokerages that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.42.
A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada began coverage on shares of HP in a research report on Thursday, September 10th. They set a “sector perform” rating and a $33.00 target price for the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $32.00 price target on shares of HP in a report on Thursday, August 27th. Evercore set a $32.00 price target on shares of HP in a research note on Monday, August 24th. The Goldman Sachs Group increased their price objective on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley cut their price objective on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, August 24th.
View Our Latest Analysis on HPQ
HP Price Performance
Shares of HPQ stock traded down $0.75 during trading hours on Friday, reaching $30.10. 13,052,878 shares of the company traded hands, compared to its average volume of 13,958,581. The firm has a 50-day moving average price of $31.33 and a 200 day moving average price of $25.97. The company has a market cap of $27.14 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.60 and a beta of 1.17. HP has a 12-month low of $17.56 and a 12-month high of $36.22.
HP (NYSE:HPQ – Get Free Report) last released its 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. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm’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. Sell-side analysts predict that HP will post 3.23 EPS for the current year.
Insider Activity at HP
In other HP news, insider David McQuarrie sold 31,572 shares of HP stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the sale, the insider owned 8,008 shares of the company’s stock, valued at $257,216.96. The trade was a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 73,668 shares of company stock valued at $2,232,982 in the last quarter. 0.18% of the stock is currently owned by insiders.
Institutional Investors Weigh In On HP
A number of hedge funds have recently bought and sold shares of the business. SHP Wealth Management purchased a new position in shares of HP in the 4th quarter worth $26,000. Union Savings Bank purchased a new stake in shares of HP during the 4th quarter valued at about $28,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of HP during the 3rd quarter valued at about $28,000. Aberdeen Wealth Management LLC bought a new position in shares of HP in the 2nd quarter valued at about $29,000. Finally, MCF Advisors LLC lifted its holdings in shares of HP by 149.0% in the 2nd quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker’s stock valued at $29,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.
HP Company Profile
HP Inc (NYSE: HPQ) is a global technology company that develops and sells personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, accessories, and other peripherals for consumers and businesses.
The company’s printing business provides printers, multifunction devices, digital presses, supplies such as ink and toner, and related services and solutions. HP also offers managed print services, device and lifecycle management, and other technology services designed to support workplace productivity and hybrid work environments.
HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.
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