HP Inc. (NYSE:HPQ) Stock Has Average Price Target of $25.77 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on HP, with five sell, eight hold, and three strong-buy ratings. The average 12-month price target is $25.77, below the reported share price of $30.07.
• HP exceeded quarterly expectations, reporting $0.83 in adjusted EPS versus the $0.66 consensus estimate and revenue of $15.68 billion versus $14.44 billion expected; revenue increased 12.5% year over year.
• Insiders have been net sellers, with executives selling 73,668 shares worth about $2.23 million during the quarter, while institutional investors and hedge funds own approximately 77.53% of HP’s stock.

Shares of HP Inc. (NYSE:HPQ - Get Free Report) have received a consensus rating of "Hold" from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.77.

A number of analysts recently issued reports on HPQ shares. Wall Street Zen downgraded HP from a "buy" rating to a "hold" rating in a research report on Saturday, September 26th. Barclays upped their target price on shares of HP from $19.00 to $23.00 and gave the company an "underweight" rating in a research report on Friday, August 28th. Sanford C. Bernstein restated a "market perform" rating and set a $32.00 price target on shares of HP in a research note on Thursday, August 27th. Zacks Research upgraded HP from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 7th. Finally, Evercore set a $32.00 price objective on HP in a research note on Monday, August 24th.

HP Stock Performance

NYSE:HPQ opened at $30.07 on Friday. HP has a one year low of $17.56 and a one year high of $36.22. The stock has a market cap of $27.11 billion, a PE ratio of 11.48, a P/E/G ratio of 1.69 and a beta of 1.17. The stock has a 50 day moving average price of $31.15 and a 200 day moving average price of $25.58.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. The company had revenue of $15.68 billion for 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 firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, analysts predict that HP will post 3.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 31,572 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the sale, the insider directly owned 8,008 shares in the company, valued at $257,216.96. This represents a 79.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 73,668 shares of company stock worth $2,232,982. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HP

A number of institutional investors and hedge funds have recently modified their holdings of HPQ. Callan Family Office LLC purchased a new stake in HP in the second quarter valued at $3,029,000. BlackRock Inc. purchased a new position in HP during the 2nd quarter worth $2,357,757,000. Y Intercept Hong Kong Ltd purchased a new position in HP during the 1st quarter worth $2,070,000. Caxton Associates LLP raised its position in HP by 625.6% in the first quarter. Caxton Associates LLP now owns 172,893 shares of the computer maker's stock worth $3,321,000 after acquiring an additional 149,067 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in HP by 51.6% in the second quarter. Vest Financial LLC now owns 372,407 shares of the computer maker's stock valued at $8,171,000 after purchasing an additional 126,811 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Company Profile

HP Inc NYSE: HPQ is a global technology company that develops and sells personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, accessories, and other peripherals for consumers and businesses.

The company's printing business provides printers, multifunction devices, digital presses, supplies such as ink and toner, and related services and solutions. HP also offers managed print services, device and lifecycle management, and other technology services designed to support workplace productivity and hybrid work environments.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.

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