HP Inc. (NYSE:HPQ) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on HP, with five sell ratings, eight holds and three strong-buy ratings. The average 12-month price target is $25.77.
• HP exceeded quarterly expectations, reporting $0.83 in EPS versus $0.66 expected and revenue of $15.68 billion versus $14.44 billion estimated; revenue rose 12.5% year over year.
• Institutional ownership stands at 77.53%, with major investors including BlackRock and California State Teachers’ Retirement System increasing or initiating positions, while insiders sold shares in recent months.

Shares of HP Inc. (NYSE:HPQ - Get Free Report) have been given an average recommendation of "Hold" by the sixteen analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $25.7692.

HPQ has been the subject of a number of recent research reports. TD Cowen lifted their price target on shares of HP from $26.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. upped their price objective on shares of HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, May 28th. Weiss Ratings raised shares of HP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 6th. Citigroup lifted their target price on shares of HP from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group boosted their price target on HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research report on Wednesday, August 12th.

HP Trading Down 3.9%

HPQ opened at $34.08 on Tuesday. The stock has a fifty day simple moving average of $28.52 and a two-hundred day simple moving average of $23.83. The company has a market cap of $30.73 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18. HP has a 12-month low of $17.56 and a 12-month high of $36.22.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm 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. On average, analysts predict that HP will post 3.23 EPS for the current year.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 21,048 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company's stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 42,096 shares of company stock worth $1,218,890 in the last three months. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HP

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in HP during the second quarter valued at about $2,357,757,000. California State Teachers Retirement System raised its stake in shares of HP by 2,151.8% in the second quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker's stock worth $780,272,000 after buying an additional 33,984,527 shares during the period. Geode Capital Management LLC lifted its position in shares of HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker's stock valued at $607,373,000 after buying an additional 274,033 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of HP during the 2nd quarter valued at approximately $545,984,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of HP by 12.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,427,979 shares of the computer maker's stock valued at $210,055,000 after acquiring an additional 1,049,256 shares during the period. 77.53% of the stock is currently owned by institutional investors.

About HP

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.

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