HP Inc. (NYSE:HPQ) Given Average Rating of “Moderate Buy” by Brokerages

HP Inc. (NYSE:HPQGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $32.22.

A number of equities analysts recently commented on the company. Edward Jones upgraded HP from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. StockNews.com upgraded HP from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 19th. Evercore ISI upgraded HP from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $40.00 in a report on Monday, December 11th. Citigroup upgraded HP from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $33.00 in a report on Monday, November 13th. Finally, Morgan Stanley upgraded HP from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $31.00 to $35.00 in a report on Tuesday, December 12th.

Get Our Latest Stock Report on HPQ

HP Trading Up 1.0 %

HPQ stock opened at $28.69 on Thursday. The firm has a 50-day moving average of $29.58 and a two-hundred day moving average of $28.96. The firm has a market capitalization of $28.43 billion, a PE ratio of 8.72, a P/E/G ratio of 2.35 and a beta of 1.04. HP has a one year low of $25.22 and a one year high of $33.90.

HP (NYSE:HPQGet Free Report) last posted its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.90. The business had revenue of $13.82 billion during the quarter, compared to analyst estimates of $13.79 billion. HP had a net margin of 6.13% and a negative return on equity of 138.83%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities research analysts anticipate that HP will post 3.45 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be issued a $0.2756 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.84%. HP’s dividend payout ratio is 33.43%.

Insider Activity at HP

In related news, CEO Enrique Lores sold 38,000 shares of HP stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $29.75, for a total value of $1,130,500.00. Following the completion of the transaction, the chief executive officer now directly owns 888,911 shares of the company’s stock, valued at $26,445,102.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Alex Cho sold 45,758 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $29.24, for a total transaction of $1,337,963.92. Following the completion of the transaction, the insider now directly owns 22,003 shares in the company, valued at approximately $643,367.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Enrique Lores sold 38,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $29.75, for a total value of $1,130,500.00. Following the transaction, the chief executive officer now owns 888,911 shares of the company’s stock, valued at $26,445,102.25. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of HP

A number of large investors have recently bought and sold shares of the business. Whittier Trust Co. boosted its position in HP by 1.4% during the 4th quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock worth $778,000 after acquiring an additional 362 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of HP by 3.2% in the 2nd quarter. King Luther Capital Management Corp now owns 11,927 shares of the computer maker’s stock valued at $366,000 after buying an additional 368 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of HP by 3.3% in the 2nd quarter. Horizon Investments LLC now owns 12,002 shares of the computer maker’s stock valued at $369,000 after buying an additional 379 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of HP by 47.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after buying an additional 380 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of HP by 18.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock valued at $73,000 after buying an additional 382 shares during the last quarter. 76.04% of the stock is owned by institutional investors.

HP Company Profile

(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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Analyst Recommendations for HP (NYSE:HPQ)

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