HP Inc. (NYSE:HPQ) has been assigned a consensus rating of “Hold” from the twenty analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.90.
Several brokerages have recently issued reports on HPQ. ValuEngine upgraded HP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley lifted their target price on shares of HP from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Wells Fargo & Co reissued a “hold” rating on shares of HP in a report on Tuesday, November 26th. Goldman Sachs Group cut shares of HP from a “neutral” rating to a “sell” rating and decreased their price target for the company from $18.00 to $14.00 in a research report on Thursday, October 10th. Finally, Loop Capital cut shares of HP from a “buy” rating to a “hold” rating and decreased their price target for the company from $21.00 to $19.00 in a research report on Friday, October 4th.
In other HP news, insider Christoph Schell sold 42,804 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $19.99, for a total transaction of $855,651.96. Following the transaction, the insider now owns 144,684 shares in the company, valued at $2,892,233.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc boosted its position in shares of HP by 66.8% during the second quarter. NEXT Financial Group Inc now owns 4,636 shares of the computer maker’s stock valued at $96,000 after buying an additional 1,856 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of HP by 5.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 58,190 shares of the computer maker’s stock worth $1,209,000 after acquiring an additional 3,049 shares in the last quarter. Cambridge Trust Co. purchased a new stake in shares of HP in the second quarter valued at about $201,000. Iberiabank Corp raised its holdings in shares of HP by 27.1% in the second quarter. Iberiabank Corp now owns 380,013 shares of the computer maker’s stock valued at $7,900,000 after purchasing an additional 80,941 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of HP by 18.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 573,112 shares of the computer maker’s stock valued at $11,915,000 after purchasing an additional 88,900 shares during the last quarter. Institutional investors and hedge funds own 82.87% of the company’s stock.
NYSE:HPQ traded down $0.13 on Friday, hitting $20.07. 15,139,510 shares of the company’s stock were exchanged, compared to its average volume of 11,664,466. HP has a 52 week low of $15.93 and a 52 week high of $24.09. The company has a market cap of $30.38 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 4.16 and a beta of 1.43. The firm has a 50-day moving average price of $19.25 and a 200-day moving average price of $19.33.
HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 26th. The computer maker reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.29 billion. HP had a negative return on equity of 241.43% and a net margin of 5.36%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Research analysts anticipate that HP will post 2.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Tuesday, December 10th. This is a positive change from HP’s previous quarterly dividend of $0.16. HP’s payout ratio is 28.57%.
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.
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