HP Inc. (HPQ) Given Average Recommendation of “Hold” by Analysts
HP Inc. (NYSE:HPQ) has earned an average rating of “Hold” from the twenty-six analysts that are currently covering the stock. Fifteen equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.83.
HPQ has been the topic of several recent analyst reports. Credit Suisse Group AG reissued a “buy” rating and set a $19.00 price objective on shares of HP in a research note on Friday, August 12th. Royal Bank Of Canada upped their price objective on shares of HP from $12.00 to $14.00 and gave the company a “sector perform” rating in a research note on Monday, August 22nd. RBC Capital Markets reissued a “sector perform” rating and set a $14.00 price objective (up previously from $12.00) on shares of HP in a research note on Monday, August 22nd. Citigroup Inc. upped their price objective on shares of HP from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Finally, Jefferies Group upped their price objective on shares of HP from $16.00 to $16.75 and gave the company a “buy” rating in a research note on Thursday, August 25th.
In other 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 value of $1,500,000.00. Following the transaction, the insider now directly owns 213,582 shares in the company, valued at approximately $3,203,730. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.51% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. increased its position in HP by 5.0% in the third quarter. American International Group Inc. now owns 32,897,063 shares of the computer maker’s stock worth $510,891,000 after buying an additional 1,561,329 shares during the last quarter. Bank of New York Mellon Corp increased its position in HP by 9.2% in the third quarter. Bank of New York Mellon Corp now owns 28,494,223 shares of the computer maker’s stock worth $442,517,000 after buying an additional 2,403,888 shares during the last quarter. Northern Trust Corp increased its position in HP by 1.6% in the third quarter. Northern Trust Corp now owns 21,870,150 shares of the computer maker’s stock worth $339,644,000 after buying an additional 350,310 shares during the last quarter. BlackRock Fund Advisors increased its position in HP by 4.6% in the third quarter. BlackRock Fund Advisors now owns 21,674,708 shares of the computer maker’s stock worth $336,608,000 after buying an additional 952,392 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in HP by 28.8% in the third quarter. Wells Fargo & Company MN now owns 11,681,887 shares of the computer maker’s stock worth $181,420,000 after buying an additional 2,614,757 shares during the last quarter. Institutional investors own 76.75% of the company’s stock.
Shares of HP (NYSE:HPQ) traded up 0.9290% during trading on Tuesday, reaching $15.2201. 5,591,480 shares of the company’s stock traded hands. HP has a 1-year low of $8.91 and a 1-year high of $16.19. The stock has a 50-day moving average of $14.93 and a 200-day moving average of $14.09. The company has a market capitalization of $26.06 billion, a price-to-earnings ratio of 10.6286 and a beta of 1.53.
HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $11.89 billion. HP had a net margin of 5.17% and a negative return on equity of 61.38%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. On average, equities analysts predict 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. Stockholders of record on Wednesday, December 14th will be given a $0.1327 dividend. This is an increase from HP’s previous quarterly dividend of $0.12. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Monday, December 12th. HP’s dividend payout ratio (DPR) is presently 35.21%.
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.
Receive News & Stock Ratings for HP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP Inc. and related stocks with our FREE daily email newsletter.