HP’s (HPQ) “Underweight” Rating Reiterated at Morgan Stanley

Morgan Stanley reiterated their underweight rating on shares of HP (NYSE:HPQ) in a research report released on Monday, MarketBeat reports. They currently have a $24.00 price target on the computer maker’s stock, down from their previous price target of $26.00.

HPQ has been the topic of several other research reports. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. HSBC set a $30.00 target price on HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Barclays lowered their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. Finally, Evercore ISI restated an “in-line” rating and issued a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.50.

HP Price Performance

Shares of HP stock opened at $22.46 on Monday. The firm’s fifty day simple moving average is $26.84 and its 200-day simple moving average is $26.45. HP has a 12 month low of $21.21 and a 12 month high of $39.79. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts anticipate that HP will post 3.56 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Anneliese Olson sold 18,154 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider owned 169 shares of the company’s stock, valued at $4,711.72. The trade was a 99.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. WPG Advisers LLC purchased a new position in HP during the 1st quarter valued at about $25,000. Laurel Wealth Advisors LLC grew its position in shares of HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of HP during the 2nd quarter worth approximately $27,000. Westfuller Advisors LLC acquired a new position in shares of HP during the 3rd quarter worth approximately $28,000. Finally, Global Trust Asset Management LLC raised its position in shares of HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 77.53% 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.