HP Inc. (NYSE:HPQ) Receives $22.23 Consensus PT from Brokerages

Shares of HP Inc. (NYSE:HPQGet Free Report) have been given a consensus rating of “Reduce” by the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.2308.

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of HP in a research note on Monday, December 1st. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Wells Fargo & Company reduced their price target on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Finally, TD Cowen dropped their price objective on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th.

Check Out Our Latest Report on HPQ

HP Price Performance

Shares of NYSE HPQ opened at $18.96 on Friday. HP has a 1-year low of $17.56 and a 1-year high of $31.43. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 5.27 and a beta of 1.18. The business has a 50-day moving average of $20.31 and a 200-day moving average of $24.34.

HP (NYSE:HPQGet Free Report) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The firm had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.HP’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Research analysts expect that HP will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 annualized dividend and a yield of 6.3%. HP’s dividend payout ratio is currently 45.45%.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the completion of the transaction, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at $3,677,856. This trade represents a 22.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 91,969 shares of company stock worth $2,277,993 in the last ninety days. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Richardson Financial Services Inc. raised its position in shares of HP by 14.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after acquiring an additional 367 shares in the last quarter. Auxano Advisors LLC increased its stake in HP by 4.4% during the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after purchasing an additional 391 shares during the last quarter. IHT Wealth Management LLC raised its holdings 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 during the period. AdvisorNet Financial Inc lifted its position in shares of HP by 42.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock worth $37,000 after buying an additional 405 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of HP by 6.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock valued at $173,000 after buying an additional 410 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

HP Company Profile

(Get Free Report)

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.

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Analyst Recommendations for HP (NYSE:HPQ)

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