Somewhat Favorable Media Coverage Somewhat Unlikely to Affect HP (HPQ) Stock Price
News articles about HP (NYSE:HPQ) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HP earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the computer maker an impact score of 45.3717290219199 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- HP Unveils World’s Most Powerful and First Detachable PC Workstation (finance.yahoo.com)
- In Old Tech’s Realm, IBM Makes a Better Bet Than Microsoft and Definitely HP (realmoney.thestreet.com)
- Hp Inc (HPQ) President and CEO Dion J Weisler Sold $11 million of Shares (nasdaq.com)
- ‘Old Tech’ Name IBM Reports Earnings Beat (finance.yahoo.com)
- Head-To-Head Comparison: HP (HPQ) vs. Its Rivals (americanbankingnews.com)
A number of brokerages recently weighed in on HPQ. Royal Bank Of Canada raised HP from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $21.00 to $22.00 in a research note on Thursday, July 20th. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price target on shares of HP in a research note on Thursday, August 24th. BMO Capital Markets reissued a “hold” rating and issued a $20.00 price target on shares of HP in a research note on Thursday, August 24th. Mizuho reissued a “buy” rating and issued a $21.00 price target on shares of HP in a research note on Thursday, August 24th. Finally, Guggenheim reissued a “neutral” rating on shares of HP in a research note on Monday, October 2nd. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.27.
Shares of HP (NYSE:HPQ) opened at 21.55 on Wednesday. The firm has a market capitalization of $35.99 billion, a price-to-earnings ratio of 15.66 and a beta of 1.94. The company has a 50-day moving average price of $19.79 and a 200 day moving average price of $18.81. HP has a 12-month low of $13.77 and a 12-month high of $22.00.
HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. Equities research analysts expect that HP will post $1.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th were paid a $0.1327 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.46%. HP’s dividend payout ratio is 38.41%.
In other news, insider Marie Myers sold 11,752 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $19.25, for a total value of $226,226.00. Following the completion of the sale, the insider now directly owns 11,752 shares of the company’s stock, valued at $226,226. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Enrique Lores sold 40,965 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $21.50, for a total value of $880,747.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,168,171 shares of company stock valued at $42,637,791. Corporate insiders own 0.62% of the company’s stock.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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