HP Inc. (NYSE:HPQ) Receives $23.33 Average Price Target from Analysts

HP Inc. (NYSE:HPQ) has received a consensus recommendation of “Reduce” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.3333.

A number of research firms recently weighed in on HPQ. Bank of America increased their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Barclays boosted their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Morgan Stanley upped their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. UBS Group raised their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider directly owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC boosted its position in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares in the last quarter. Vident Advisory LLC raised its stake in HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after buying an additional 444 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in HP by 10.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after acquiring an additional 467 shares in the last quarter. Vise Technologies Inc. increased its holdings in shares of HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after acquiring an additional 477 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in shares of HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after purchasing an additional 491 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 0.5%

Shares of HPQ opened at $28.42 on Monday. The company’s 50-day moving average price is $24.54 and its 200 day moving average price is $21.33. HP has a 12-month low of $17.56 and a 12-month high of $29.65. The firm has a market cap of $25.99 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 4.77 and a beta of 1.19.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the firm posted $0.71 earnings per share. HP’s revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities research analysts forecast that HP will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.