HP Inc. (NYSE:HPQ) Receives $21.58 Consensus Price Target from Analysts

HP Inc. (NYSE:HPQ) has earned a consensus recommendation of “Reduce” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $21.5833.

HPQ has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. UBS Group lowered their target price on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. The Goldman Sachs Group lowered their target price on HP from $21.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, February 25th. Bank of America reiterated an “underperform” rating and set a $20.00 target price (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Finally, Morgan Stanley lowered their target price on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th.

Hedge Funds Weigh In On HP

Hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. increased its stake in HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after buying an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after buying an additional 551 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after buying an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of HP by 70.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after acquiring an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of HP in the second quarter valued at about $233,000. 77.53% of the stock is owned by institutional investors.

HP Trading Up 0.3%

Shares of HP stock opened at $20.82 on Wednesday. The company has a market capitalization of $19.04 billion, a PE ratio of 7.89, a PEG ratio of 5.77 and a beta of 1.09. HP has a 12 month low of $17.56 and a 12 month high of $29.55. The stock’s fifty day simple moving average is $19.62 and its 200 day simple moving average is $21.38.

HP (NYSE:HPQ) last issued its quarterly earnings data 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 business had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Analysts predict that HP will post 2.84 EPS for the current fiscal year.

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.