HP Inc. (NYSE:HPQ) has been assigned an average recommendation of “Hold” from the nineteen analysts that are covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.40.
HPQ has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. ValuEngine downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Citigroup lifted their price objective on shares of HP to $30.00 and gave the company a “buy” rating in a research report on Friday, August 24th. Maxim Group lifted their price objective on shares of HP from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, August 24th. Finally, Morgan Stanley lifted their price objective on shares of HP from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, August 24th.
In other news, COO Catherine A. Lesjak sold 693,594 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $25.78, for a total transaction of $17,880,853.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
HP stock opened at $24.14 on Thursday. The firm has a market capitalization of $36.60 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.64. HP has a 1-year low of $19.31 and a 1-year high of $27.08.
HP (NYSE:HPQ) last released its earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. HP had a net margin of 7.95% and a negative return on equity of 130.47%. The business had revenue of $14.59 billion during the quarter, compared to the consensus estimate of $14.29 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that HP will post 2.02 EPS for the current year.
HP Company Profile
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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