HP (NYSE:HPQ) Upgraded to “Strong-Buy” at Zacks Research

HP (NYSE:HPQ) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other research analysts also recently commented on the company. Bank of America restated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. TD Cowen increased their price objective on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. UBS Group increased their target price on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group upped their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.17.

HP Stock Down 4.6%

Shares of NYSE:HPQ opened at $31.15 on Monday. The company has a market cap of $28.09 billion, a PE ratio of 11.89, a P/E/G ratio of 1.70 and a beta of 1.18. HP has a fifty-two week low of $17.56 and a fifty-two week high of $32.78. The firm has a 50-day simple moving average of $27.59 and a 200 day simple moving average of $23.40.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $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, research analysts forecast that HP will post 3.23 EPS for the current fiscal year.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of HP

Several large investors have recently added to or reduced their stakes in HPQ. SHP Wealth Management acquired a new position in shares of HP during the 4th quarter worth $26,000. Union Savings Bank acquired a new stake in shares of HP in the 4th quarter valued at $28,000. DV Equities LLC acquired a new stake in shares of HP in the 4th quarter valued at $29,000. Aberdeen Wealth Management LLC bought a new stake in shares of HP during the 2nd quarter worth about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in HP during the fourth quarter worth approximately $32,000. 77.53% of the stock is owned by institutional investors.

HP Company Profile

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.