Citigroup downgraded shares of HP (NYSE:HPQ) from a buy rating to a neutral rating in a report released on Tuesday morning, BenzingaRatingsTable reports. Citigroup currently has $21.00 target price on the computer maker’s stock, down from their prior target price of $25.00.

A number of other analysts also recently issued reports on HPQ. Deutsche Bank began coverage on shares of HP in a report on Wednesday, June 19th. They issued a hold rating and a $20.00 price target on the stock. Evercore ISI began coverage on shares of HP in a report on Wednesday, June 5th. They issued an outperform rating and a $23.00 price target on the stock. Wolfe Research downgraded shares of HP from an outperform rating to a peer perform rating and reduced their price target for the company from $25.00 to $21.00 in a report on Tuesday, May 14th. ValuEngine downgraded shares of HP from a hold rating to a sell rating in a report on Thursday, August 1st. Finally, Morgan Stanley lifted their price target on shares of HP from $22.00 to $23.00 and gave the company an equal weight rating in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $23.74.

Shares of HPQ stock opened at $18.93 on Tuesday. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 2.85 and a beta of 1.40. HP has a one year low of $18.06 and a one year high of $27.08. The company’s fifty day moving average price is $20.44 and its 200-day moving average price is $20.35.

HP (NYSE:HPQ) last announced its quarterly earnings results on Thursday, August 22nd. The computer maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.58 billion. HP had a net margin of 6.67% and a negative return on equity of 232.81%. HP’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. As a group, equities analysts expect that HP will post 2.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.38%. HP’s dividend payout ratio (DPR) is presently 31.68%.

In other news, CEO Dion J. Weisler sold 132,964 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $20.95, for a total value of $2,785,595.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Shumeet Banerji sold 28,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $20.00, for a total transaction of $560,000.00. Following the completion of the sale, the director now owns 31,311 shares in the company, valued at $626,220. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,635 shares of company stock worth $4,423,266. Insiders own 0.25% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Icon Wealth Partners LLC bought a new stake in shares of HP in the 1st quarter worth about $27,000. First Personal Financial Services boosted its stake in shares of HP by 101.9% during the 1st quarter. First Personal Financial Services now owns 1,621 shares of the computer maker’s stock worth $31,000 after purchasing an additional 818 shares during the period. Transamerica Financial Advisors Inc. purchased a new position in shares of HP during the 2nd quarter worth about $38,000. Coastal Capital Group Inc. purchased a new position in shares of HP during the 2nd quarter worth about $39,000. Finally, Rational Advisors LLC boosted its stake in shares of HP by 1,557.8% during the 1st quarter. Rational Advisors LLC now owns 1,923 shares of the computer maker’s stock worth $37,000 after purchasing an additional 1,807 shares during the period. Hedge funds and other institutional investors own 77.16% of the company’s stock.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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Analyst Recommendations for HP (NYSE:HPQ)

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