HP Inc. (NYSE:HPQ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of HP Inc. (NYSE:HPQ) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $33.11.

HPQ has been the subject of several research analyst reports. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Barclays upped their target price on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. Finally, HSBC raised HP from a “hold” rating to a “buy” rating and upped their target price for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th.

HP Price Performance

Shares of NYSE:HPQ opened at $27.70 on Tuesday. The firm has a market capitalization of $27.17 billion, a PE ratio of 8.10, a P/E/G ratio of 2.33 and a beta of 1.05. The business has a 50-day moving average of $29.32 and a two-hundred day moving average of $28.83. HP has a 12 month low of $25.22 and a 12 month high of $33.90.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $13.19 billion during the quarter, compared to analyst estimates of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts anticipate that HP will post 3.42 earnings per share for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $0.2756 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Tuesday, March 12th. HP’s payout ratio is 32.16%.

Insider Activity at HP

In related news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,723 shares of company stock valued at $3,479,287. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rosenberg Matthew Hamilton raised its stake in HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after buying an additional 397 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in HP during the fourth quarter valued at approximately $28,000. Sawyer & Company Inc raised its stake in HP by 900.0% during the first quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock valued at $30,000 after buying an additional 900 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in HP by 116.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after buying an additional 566 shares in the last quarter. Finally, Rise Advisors LLC raised its position in shares of HP by 377.9% during the 1st quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock worth $32,000 after purchasing an additional 839 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Company Profile

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.