HP Inc. (NYSE:HPQ) had its target price hoisted by stock analysts at Mizuho from $12.00 to $14.00 in a note issued to investors on Friday. The brokerage currently has a “neutral” rating on the computer maker’s stock. Mizuho’s price objective suggests a potential downside of 7.59% from the company’s previous close.

Several other research firms have also recently weighed in on HPQ. Credit Suisse Group AG reissued a “buy” rating and issued a $19.00 price target on shares of HP in a report on Sunday, October 9th. Citigroup Inc. increased their price target on shares of HP from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday. Royal Bank Of Canada increased their price target on shares of HP from $14.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday. Deutsche Bank AG raised their target price on shares of HP from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Monday. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $16.00 target price (up from $14.00) on shares of HP in a report on Monday. Eighteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.23.

Analyst Recommendations for HP (NYSE:HPQ)

HP (NYSE:HPQ) opened at 15.15 on Friday. The stock has a 50 day moving average price of $14.90 and a 200 day moving average price of $13.46. The firm has a market capitalization of $25.92 billion, a P/E ratio of 8.07 and a beta of 1.55. HP has a one year low of $8.91 and a one year high of $15.88.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 24th. The computer maker reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $11.89 billion for the quarter, compared to analysts’ expectations of $11.44 billion. HP had a net margin of 5.41% and a return on equity of 106.26%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. On average, equities analysts predict that HP will post $1.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th were given a dividend of $0.124 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Monday, September 12th. HP’s payout ratio is presently 26.74%.

In related news, insider Tracy S. Keogh sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the transaction, the insider now directly owns 213,582 shares in the company, valued at $3,203,730. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marie Myers sold 10,269 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $14.55, for a total transaction of $149,413.95. Following the transaction, the insider now owns 22,390 shares in the company, valued at $325,774.50. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Visionary Asset Management Inc. boosted its position in HP by 3.0% in the second quarter. Visionary Asset Management Inc. now owns 219,612 shares of the computer maker’s stock valued at $2,760,000 after buying an additional 6,466 shares during the period. Exxonmobil Investment Management Inc. TX boosted its position in HP by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 442,791 shares of the computer maker’s stock valued at $5,557,000 after buying an additional 22,392 shares during the period. Geode Capital Management LLC boosted its position in HP by 5.6% in the first quarter. Geode Capital Management LLC now owns 15,103,402 shares of the computer maker’s stock valued at $185,720,000 after buying an additional 799,445 shares during the period. Oak Associates Ltd. OH boosted its position in HP by 4.7% in the second quarter. Oak Associates Ltd. OH now owns 133,691 shares of the computer maker’s stock valued at $1,678,000 after buying an additional 6,000 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its position in HP by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock valued at $172,000 after buying an additional 2,755 shares during the period. Institutional investors and hedge funds own 78.54% of the company’s stock.

HP Company Profile

HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.

5 Day Chart for NYSE:HPQ

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