HP Inc. (HPQ) Receives Consensus Rating of “Hold” from Brokerages

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.



Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of HP by 148.4% during the 2nd quarter. Private Advisor Group LLC now owns 84,522 shares of the computer maker’s stock worth $1,929,000 after buying an additional 50,500 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of HP by 1.2% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,177,800 shares of the computer maker’s stock worth $72,104,000 after buying an additional 37,300 shares during the last quarter. BDO Wealth Advisors LLC lifted its stake in shares of HP by 15.8% during the 2nd quarter. BDO Wealth Advisors LLC now owns 45,442 shares of the computer maker’s stock worth $1,031,000 after buying an additional 6,208 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of HP during the 2nd quarter worth about $40,308,000. Finally, First American Bank acquired a new stake in shares of HP during the 3rd quarter worth about $4,044,000. Institutional investors own 80.39% 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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Analyst Recommendations for HP (NYSE:HPQ)

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