HP Inc. (NYSE:HPQ)‘s stock had its “hold” rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Friday, July 14th. They presently have a $21.00 price target on the computer maker’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 8.70% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. UBS AG restated a “buy” rating and issued a $20.00 price objective (up previously from $18.00) on shares of HP in a research report on Monday, April 3rd. Bank of America Corporation upped their price objective on HP from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Citigroup Inc. set a $20.00 price objective on HP and gave the stock a “buy” rating in a research report on Thursday, May 25th. Jefferies Group LLC upped their price objective on HP from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Finally, Mizuho upped their price objective on HP from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. HP presently has an average rating of “Buy” and an average price target of $19.89.
Shares of HP (NYSE HPQ) remained flat at $19.32 during midday trading on Friday. 11,558,228 shares of the company’s stock traded hands. The company has a market capitalization of $32.52 billion, a P/E ratio of 13.66 and a beta of 1.90. The stock’s 50-day moving average is $18.32 and its 200-day moving average is $17.66. HP has a one year low of $13.55 and a one year high of $19.58.
HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. HP had a negative return on equity of 68.86% and a net margin of 4.94%. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.93 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that HP will post $1.64 earnings per share for the current fiscal year.
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In related news, Director Margaret C. Whitman sold 73,992 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $17.72, for a total transaction of $1,311,138.24. Following the completion of the transaction, the director now directly owns 544,881 shares in the company, valued at approximately $9,655,291.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marie Myers sold 12,119 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.07, for a total value of $218,990.33. Following the transaction, the insider now owns 5,621 shares of the company’s stock, valued at $101,571.47. The disclosure for this sale can be found here. Insiders have sold a total of 1,748,815 shares of company stock valued at $32,623,560 over the last three months. Corporate insiders own 0.62% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its position in shares of HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the period. Parallel Advisors LLC boosted its position in shares of HP by 0.4% in the first quarter. Parallel Advisors LLC now owns 11,616 shares of the computer maker’s stock worth $218,000 after buying an additional 41 shares during the period. Montecito Bank & Trust boosted its position in shares of HP by 0.3% in the second quarter. Montecito Bank & Trust now owns 17,342 shares of the computer maker’s stock worth $303,000 after buying an additional 60 shares during the period. ELM Advisors LLC boosted its position in shares of HP by 0.5% in the first quarter. ELM Advisors LLC now owns 14,318 shares of the computer maker’s stock worth $256,000 after buying an additional 65 shares during the period. Finally, Savant Capital LLC boosted its position in shares of HP by 0.3% in the first quarter. Savant Capital LLC now owns 24,276 shares of the computer maker’s stock worth $434,000 after buying an additional 80 shares during the period. Institutional investors own 78.97% of the company’s stock.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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