HP Inc. (NYSE:HPQ)‘s stock had its “hold” rating reiterated by analysts at Barclays PLC in a research report issued on Wednesday. They currently have a $15.00 target price on the computer maker’s stock. Barclays PLC’s price target would suggest a potential upside of 0.87% from the stock’s current price.

The analysts wrote, “We expect shares of HP Inc. to be under pressure in the near term, as the results were decent but the outlook was soft. HP’s Personal Systems performance continued to be a bright spot, and it could be a positive lateral read-through for PC or consumer-related stocks, including WD and Seagate. However, disappointing printing trend-lines contribute to a softer EPS guide for the Jan-Q.””

Other research analysts have also issued research reports about the stock. BMO Capital Markets raised their price target on shares of HP from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Thursday, August 25th. FBN Securities reaffirmed a “sector perform” rating on shares of HP in a research report on Thursday, September 8th. Mizuho reaffirmed a “neutral” rating and set a $12.00 price objective on shares of HP in a research report on Thursday, August 25th. Deutsche Bank AG raised their price objective on shares of HP from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. Finally, Argus raised their price objective on shares of HP from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. HP presently has an average rating of “Hold” and an average target price of $15.73.

Analyst Recommendations for HP (NYSE:HPQ)

Shares of HP (NYSE:HPQ) opened at 14.87 on Wednesday. HP has a 12 month low of $8.91 and a 12 month high of $16.19. The company has a market cap of $25.44 billion, a price-to-earnings ratio of 7.92 and a beta of 1.53. The stock has a 50 day moving average of $14.98 and a 200-day moving average of $14.00.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. HP had a net margin of 5.17% and a negative return on equity of 61.38%. The firm earned $12.50 billion during the quarter, compared to analyst estimates of $11.89 billion. During the same quarter last year, the business earned $0.93 EPS. The company’s revenue 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 year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be issued a dividend of $0.1327 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.57%. HP’s payout ratio is presently 35.21%.

In other news, 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 completion of the transaction, the insider now owns 22,390 shares of the company’s stock, valued at $325,774.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tracy S. Keogh sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total value of $1,500,000.00. Following the transaction, the insider now directly owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of HP during the third quarter valued at approximately $106,000. D.A. Davidson & CO. raised its position in shares of HP by 33.6% in the third quarter. D.A. Davidson & CO. now owns 8,686 shares of the computer maker’s stock valued at $134,000 after buying an additional 2,184 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of HP during the third quarter valued at approximately $5,530,000. Price T Rowe Associates Inc. MD raised its position in shares of HP by 4.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,287,736 shares of the computer maker’s stock valued at $51,059,000 after buying an additional 132,660 shares during the last quarter. Finally, Garde Capital Inc. raised its position in shares of HP by 8.0% in the third quarter. Garde Capital Inc. now owns 48,875 shares of the computer maker’s stock valued at $1,252,000 after buying an additional 3,600 shares during the last quarter. 79.49% of the stock is owned by institutional investors.

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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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