HP (NYSE:HPQ) Price Target Lowered to $26.00 at TD Cowen

HP (NYSE:HPQ) had its price target reduced by TD Cowen from $28.00 to $26.00 in a research report released on Wednesday, MarketBeat reports. They currently have a hold rating on the computer maker’s stock.

A number of other brokerages have also recently commented on HPQ. UBS Group reduced their target price on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Sanford C. Bernstein initiated coverage on shares of HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price on the stock. JPMorgan Chase & Co. lowered HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Wednesday, October 22nd. Finally, HSBC set a $30.00 price target on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.69.

HP Price Performance

Shares of HP stock opened at $23.97 on Wednesday. The stock has a market capitalization of $22.40 billion, a P/E ratio of 8.75, a PEG ratio of 2.23 and a beta of 1.28. The business has a 50 day simple moving average of $26.43 and a two-hundred day simple moving average of $26.38. HP has a 12 month low of $21.21 and a 12 month high of $37.50.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. As a group, research analysts anticipate that HP will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.0%. This is a positive change from HP’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, December 11th. HP’s payout ratio is 43.40%.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the transaction, the insider directly owned 169 shares in the company, valued at $4,711.72. The trade was a 99.08% decrease in their position. The SEC filing for this sale provides additional information. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On HP

A number of institutional investors and hedge funds have recently made changes to their positions in HPQ. Avantax Advisory Services Inc. increased its holdings in HP by 17.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 57,357 shares of the computer maker’s stock valued at $1,588,000 after purchasing an additional 8,358 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of HP by 14.6% during the first quarter. Cetera Investment Advisers now owns 165,042 shares of the computer maker’s stock worth $4,570,000 after buying an additional 21,033 shares during the period. LPL Financial LLC grew its stake in shares of HP by 0.7% in the first quarter. LPL Financial LLC now owns 418,733 shares of the computer maker’s stock valued at $11,595,000 after buying an additional 2,763 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of HP by 0.3% in the first quarter. Mackenzie Financial Corp now owns 283,483 shares of the computer maker’s stock valued at $7,850,000 after buying an additional 733 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in shares of HP by 19.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 20,758 shares of the computer maker’s stock valued at $575,000 after buying an additional 3,410 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

About HP

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.