HP Inc. (NYSE:HPQ) had its price target hoisted by equities researchers at BMO Capital Markets from $13.00 to $16.00 in a research note issued on Wednesday. The brokerage currently has a “market perform” rating on the computer maker’s stock. BMO Capital Markets’ target price suggests a potential upside of 7.60% from the stock’s current price.

HPQ has been the subject of a number of other reports. Jefferies Group reaffirmed a “buy” rating and set a $16.75 price target on shares of HP in a research note on Tuesday, September 13th. Vetr lowered HP from a “strong-buy” rating to a “buy” rating and set a $17.76 price target for the company. in a research note on Tuesday, November 15th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $14.00 price target (up from $12.00) on shares of HP in a research note on Monday, August 22nd. Royal Bank Of Canada increased their price target on HP from $12.00 to $14.00 and gave the company a “sector perform” rating in a research note on Monday, August 22nd. Finally, Mizuho increased their price target on HP from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, October 14th. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.68.

Analyst Recommendations for HP (NYSE:HPQ)

HP (NYSE:HPQ) traded down 6.77% during mid-day trading on Wednesday, hitting $14.87. The company had a trading volume of 23,415,790 shares. The company has a market capitalization of $25.44 billion, a P/E ratio of 7.92 and a beta of 1.53. HP has a 52-week low of $8.91 and a 52-week high of $16.19. The company has a 50-day moving average price of $14.99 and a 200 day moving average price of $13.99.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. HP had a return on equity of 106.26% and a net margin of 5.41%. The business earned $12.50 billion during the quarter, compared to analyst estimates of $11.89 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts forecast that HP will post $1.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.1327 per share. This is a boost from HP’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.53 dividend on an annualized basis and a yield of 3.57%. HP’s dividend payout ratio (DPR) is currently 26.74%.

In other HP news, insider Tracy S. Keogh sold 100,000 shares of the firm’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 completion of the transaction, the insider now owns 213,582 shares in the company, valued at $3,203,730. The sale 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 firm’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 of the company’s stock, valued at approximately $325,774.50. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of HP by 0.3% in the second quarter. IFP Advisors Inc now owns 22,658 shares of the computer maker’s stock worth $284,000 after buying an additional 72 shares in the last quarter. Thompson Investment Management Inc. boosted its position in shares of HP by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 40,620 shares of the computer maker’s stock worth $510,000 after buying an additional 120 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of HP by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 54,120 shares of the computer maker’s stock worth $840,000 after buying an additional 150 shares in the last quarter. FineMark National Bank & Trust boosted its position in shares of HP by 2.4% in the third quarter. FineMark National Bank & Trust now owns 7,027 shares of the computer maker’s stock worth $109,000 after buying an additional 168 shares in the last quarter. Finally, Conning Inc. boosted its position in shares of HP by 0.4% in the third quarter. Conning Inc. now owns 44,375 shares of the computer maker’s stock worth $689,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.

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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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