HP Inc. (NYSE:HPQ) Receives $36.23 Consensus Target Price from Analysts

HP Inc. (NYSE:HPQ) has been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $36.23.

Several equities research analysts have commented on the stock. Barclays increased their price objective on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. TD Cowen raised their target price on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. cut their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, HSBC lowered shares of HP from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of HP stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,933,898.67. The trade was a 56.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last three months. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in HP during the third quarter valued at $25,000. Synergy Asset Management LLC bought a new stake in shares of HP during the 4th quarter valued at about $26,000. Wolff Wiese Magana LLC grew its holdings in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of HP in the third quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. bought a new stake in HP during the third quarter valued at approximately $40,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Up 1.8 %

HPQ stock opened at $33.34 on Thursday. The firm has a market capitalization of $31.26 billion, a PE ratio of 11.86, a P/E/G ratio of 2.83 and a beta of 1.05. HP has a twelve month low of $27.42 and a twelve month high of $39.79. The stock’s 50 day moving average is $34.38 and its 200-day moving average is $35.27.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the business earned $0.90 EPS. The business’s revenue was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that HP will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.2894 per share. This is a boost from HP’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.47%. HP’s payout ratio is presently 40.93%.

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.