Brokerages Set HP Inc. (NYSE:HPQ) Price Target at $28.71

by · The Cerbat Gem

HP Inc. (NYSE:HPQ – Get Free Report) has been given a consensus rating of “Hold” by the seventeen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.7083.

Several equities analysts have commented on HPQ shares. JPMorgan Chase & Co. downgraded HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Sunday. Sanford C. Bernstein started coverage on HP in a research report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective on the stock. Finally, UBS Group upped their price objective on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th.

Read Our Latest Analysis on HPQ

HP Price Performance

Shares of NYSE HPQ opened at $27.87 on Friday. The business’s 50 day moving average is $27.68 and its two-hundred day moving average is $26.32. HP has a 1-year low of $21.21 and a 1-year high of $39.79. The stock has a market capitalization of $26.05 billion, a P/E ratio of 10.17, a PEG ratio of 2.22 and a beta of 1.29.

HP (NYSE:HPQ – Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities research analysts anticipate that HP will post 3.56 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

Institutional Trading of HP

A number of large investors have recently modified their holdings of HPQ. WPG Advisers LLC purchased a new stake in shares of HP in the first quarter valued at approximately $25,000. Laurel Wealth Advisors LLC boosted its holdings in shares of HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of HP in the second quarter valued at approximately $27,000. Global Trust Asset Management LLC boosted its holdings in shares of HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of HP by 72.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock valued at $30,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

About HP

(Get Free Report)

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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