HP Inc. (NYSE:HPQ) Receives $23.50 Consensus Price Target from Brokerages

HP Inc. (NYSE:HPQ) has been given a consensus rating of “Reduce” by the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.50.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. The Goldman Sachs Group boosted their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup increased their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th.

HP Stock Performance

Shares of NYSE HPQ opened at $29.76 on Friday. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 5.01 and a beta of 1.17. HP has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The firm’s 50-day simple moving average is $25.78 and its 200 day simple moving average is $22.42.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, sell-side analysts predict that HP will post 2.98 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

Insider Buying and Selling

In other news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider 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 filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock valued at $1,478,622 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of HP

Institutional investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its holdings in HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of HP by 2.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after acquiring an additional 551 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after acquiring an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of HP by 70.5% during the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new position in shares of HP during the second quarter worth about $233,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

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.