HP Inc. (NYSE:HPQ) Receives Consensus Rating of "Hold" from Brokerages

Shares of HP Inc. (NYSE:HPQ - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.83.

Several equities analysts have weighed in on HPQ shares. Citigroup dropped their price objective on HP from $36.50 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wells Fargo & Company increased their price objective on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Barclays upped their price target on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Morgan Stanley decreased their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Finally, Evercore ISI reduced their target price on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th.

Insider Buying and Selling at HP

In other news, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now directly owns 169 shares in the company, valued at $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company's stock.

Institutional Trading of HP

Several hedge funds and other institutional investors have recently bought and sold shares of HPQ. Synergy Asset Management LLC purchased a new position in shares of HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new position in HP during the fourth quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP during the 1st quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in HP in the 4th quarter worth approximately $36,000. Finally, OFI Invest Asset Management purchased a new stake in shares of HP in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Trading Down 0.8 %

HPQ stock traded down $0.22 during trading hours on Friday, hitting $25.68. 5,307,703 shares of the stock were exchanged, compared to its average volume of 7,827,964. The company has a 50-day simple moving average of $26.61 and a two-hundred day simple moving average of $31.81. The firm has a market capitalization of $24.21 billion, a P/E ratio of 9.14, a P/E/G ratio of 2.96 and a beta of 1.32. HP has a 12 month low of $21.21 and a 12 month high of $39.80.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. On average, equities research analysts predict that HP will post 3.56 earnings per share for the current year.

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.