HP (NYSE:HPQ) Stock Rating Upgraded by Zacks Research

HP (NYSE:HPQ) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Other analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Evercore set a $32.00 price objective on HP in a research report on Monday, August 24th. UBS Group lifted their price target on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Morgan Stanley decreased their price objective on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, August 24th. Finally, The Goldman Sachs Group upped their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.17.

HP Stock Down 4.6%

HP stock opened at $31.15 on Monday. HP has a 52-week low of $17.56 and a 52-week high of $32.78. The firm has a market cap of $28.09 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.18. The company’s 50 day moving average is $27.59 and its two-hundred day moving average is $23.40.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts anticipate that HP will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 21,048 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HPQ. SHP Wealth Management acquired a new stake in shares of HP in the 4th quarter valued at about $26,000. Union Savings Bank bought a new stake in HP in the fourth quarter valued at about $28,000. Aberdeen Wealth Management LLC acquired a new stake in HP during the second quarter valued at approximately $29,000. DV Equities LLC acquired a new position in shares of HP in the 4th quarter worth approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of HP in the 4th quarter valued at approximately $32,000. 77.53% of the stock is currently owned by institutional investors.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.