HP (NYSE:HPQ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HP (NYSE:HPQ) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other analysts also recently issued reports on HPQ. The Goldman Sachs Group upped their price target on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Evercore set a $32.00 target price on HP in a research note on Monday, August 24th. Bank of America reiterated an “underperform” rating on shares of HP in a report on Thursday, August 27th. Morgan Stanley cut their price target on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Finally, Royal Bank Of Canada began coverage on HP in a research report on Thursday, September 10th. They issued a “sector perform” rating and a $33.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus target price of $26.30.

HP Stock Down 1.5%

NYSE HPQ opened at $28.34 on Friday. HP has a 52-week low of $17.56 and a 52-week high of $36.22. The business’s 50-day moving average price is $31.70 and its 200 day moving average price is $24.58. The firm has a market cap of $25.56 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.69 and a beta of 1.17.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, analysts anticipate that HP will post 3.23 earnings per share for the current year.

Insider Activity at HP

In other news, insider Anneliese Olson sold 18,997 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the transaction, the insider owned 169 shares in the company, valued at approximately $5,502.64. This trade represents a 99.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David P. Mcquarrie sold 31,572 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the sale, the insider directly owned 8,008 shares in the company, valued at $257,216.96. This trade represents a 79.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,617 shares of company stock valued at $2,263,654 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On HP

Institutional investors and hedge funds have recently modified their holdings of the stock. North Point Portfolio Managers Corp OH purchased a new stake in HP in the 3rd quarter worth approximately $28,000. Heritage Family Offices LLP purchased a new stake in HP during the 3rd quarter valued at $31,000. Compass Wealth Management LLC bought a new position in HP in the third quarter worth approximately $38,000. Ashton Thomas Securities LLC purchased a new position in shares of HP in the third quarter valued at about $39,000. Finally, Aberdeen Wealth Management LLC bought a new stake in HP in the second quarter worth $29,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

About HP

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.