HP (NYSE:HPQ) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of HP (NYSE:HPQ) from an overweight rating to a neutral rating in a research report released on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $30.00 price target on the computer maker’s stock.

Several other equities research analysts have also issued reports on HPQ. Barclays dropped their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, August 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. HSBC set a $30.00 price objective on HP and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.71.

HP Stock Performance

NYSE:HPQ opened at $27.67 on Wednesday. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 2.24 and a beta of 1.29. HP has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a fifty day moving average of $27.66 and a 200 day moving average of $26.25.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts forecast that HP will post 3.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

Institutional Trading of HP

Several large investors have recently bought and sold shares of HPQ. WPG Advisers LLC bought a new stake in HP during the 1st quarter valued at approximately $25,000. Laurel Wealth Advisors LLC boosted its position in shares of HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after purchasing an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of HP in the 2nd quarter worth approximately $27,000. Global Trust Asset Management LLC boosted its position in shares of HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of HP by 72.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

About HP

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.