Shares of HP Inc (NYSE:HPQ) have been assigned a consensus recommendation of “Buy” from the twenty-four brokerages that are covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.94.
Several brokerages recently weighed in on HPQ. Citigroup boosted their price target on shares of HP from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Loop Capital restated a “buy” rating and issued a $28.00 price target on shares of HP in a research report on Monday, January 22nd. Maxim Group restated a “hold” rating and issued a $25.00 price target on shares of HP in a research report on Wednesday, November 22nd. Susquehanna Bancshares set a $22.00 price target on shares of HP and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, February 27th.
Shares of HPQ stock opened at $23.28 on Wednesday. The stock has a market cap of $38,588.70, a P/E ratio of 10.17, a PEG ratio of 2.04 and a beta of 1.69. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of -2.31. HP has a 1 year low of $17.03 and a 1 year high of $24.75.
HP (NYSE:HPQ) last announced its quarterly earnings results on Thursday, February 22nd. The computer maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. HP had a net margin of 7.15% and a negative return on equity of 82.30%. The company had revenue of $14.52 billion for the quarter, compared to analysts’ expectations of $13.47 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. HP’s quarterly revenue was up 14.5% on a year-over-year basis. sell-side analysts expect that HP will post 1.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a yield of 2.39%. The ex-dividend date is Tuesday, March 13th. HP’s payout ratio is 24.45%.
In other news, insider Marie Myers sold 10,000 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $21.20, for a total transaction of $212,000.00. Following the completion of the sale, the insider now directly owns 11,966 shares of the company’s stock, valued at $253,679.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jon E. Flaxman sold 207,806 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $21.58, for a total transaction of $4,484,453.48. Following the sale, the chief operating officer now directly owns 298,538 shares of the company’s stock, valued at $6,442,450.04. The disclosure for this sale can be found here. Insiders have sold 545,699 shares of company stock valued at $12,306,389 over the last ninety days. 0.25% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners boosted its stake in shares of HP by 2.7% during the fourth quarter. Boston Partners now owns 39,146,333 shares of the computer maker’s stock valued at $822,464,000 after purchasing an additional 1,034,661 shares during the period. Geode Capital Management LLC boosted its stake in shares of HP by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 18,775,726 shares of the computer maker’s stock valued at $393,693,000 after purchasing an additional 453,513 shares during the period. Wells Fargo & Company MN boosted its stake in shares of HP by 9.8% during the third quarter. Wells Fargo & Company MN now owns 15,902,375 shares of the computer maker’s stock valued at $317,411,000 after purchasing an additional 1,415,318 shares during the period. Capital International Investors boosted its stake in shares of HP by 4.5% during the third quarter. Capital International Investors now owns 15,501,200 shares of the computer maker’s stock valued at $309,404,000 after purchasing an additional 672,800 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of HP by 19.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 12,557,886 shares of the computer maker’s stock valued at $212,366,000 after purchasing an additional 2,074,500 shares during the period. 80.33% of the stock is owned by hedge funds and other institutional investors.
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HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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