HP Inc. (NYSE:HPQ) Given Average Recommendation of "Hold" by Analysts

Key Points

• HP Inc. has received a consensus recommendation of "Hold" from analysts, with the average 12-month price target set at $29.96.
• The company recently reported earnings per share of $0.75 for the last quarter, meeting analyst expectations with a revenue of $13.93 billion.
• HP has also announced a quarterly dividend of $0.2894, which will be paid on October 1st, reflecting an annualized dividend yield of 4.0%.

Shares of HP Inc. (NYSE:HPQ - Get Free Report) have received a consensus recommendation of "Hold" from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.9583.

Several research firms have issued reports on HPQ. Morgan Stanley decreased their price target on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 29th. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. KGI Securities began coverage on shares of HP in a research report on Thursday, May 29th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. raised their target price on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Finally, Bank of America decreased their target price on shares of HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th.

HP Price Performance

HP stock opened at $28.93 on Friday. HP has a 12-month low of $21.21 and a 12-month high of $39.79. The stock has a market capitalization of $27.04 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.31 and a beta of 1.29. The firm's 50-day moving average is $26.11 and its two-hundred day moving average is $26.69.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. During the same period last year, the company earned $0.83 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, analysts forecast that HP will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. HP's dividend payout ratio (DPR) is currently 42.34%.

Institutional Investors Weigh In On HP

Several hedge funds have recently modified their holdings of HPQ. WPG Advisers LLC acquired a new position in HP during the first quarter valued at approximately $25,000. Laurel Wealth Advisors LLC lifted its position in HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker's stock valued at $26,000 after buying an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in HP during the second quarter valued at approximately $27,000. Global Trust Asset Management LLC lifted its position in HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker's stock valued at $29,000 after buying an additional 1,000 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker's stock valued at $30,000 after buying an additional 512 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

About HP

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.

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