Shares of HP Inc. (NYSE:HPQ - Get Free Report) have been assigned an average rating of "Hold" from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $29.54.
Several equities research analysts have recently weighed in on the stock. Dbs Bank cut shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Barclays set a $28.00 price target on shares of HP and gave the company an "equal weight" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. decreased their target price on shares of HP from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, May 29th. Finally, Wells Fargo & Company decreased their price objective on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th.
Check Out Our Latest Stock Report on HPQ
HP Stock Performance
Shares of NYSE:HPQ traded up $0.19 on Thursday, reaching $24.75. The company's stock had a trading volume of 6,754,538 shares, compared to its average volume of 7,952,601. HP has a 52-week low of $21.21 and a 52-week high of $39.80. The company has a market cap of $23.24 billion, a P/E ratio of 9.55, a PEG ratio of 1.99 and a beta of 1.27. The company has a 50-day simple moving average of $25.92 and a 200 day simple moving average of $28.30.
HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The business had revenue of $13.22 billion for the quarter, compared to analysts' expectations of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. HP's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, equities research analysts forecast that HP will post 3.56 EPS for the current fiscal year.
HP Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio is currently 44.40%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of HPQ. WPG Advisers LLC purchased a new position in HP in the first quarter valued at $25,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of HP in the fourth quarter valued at approximately $36,000. Global Trust Asset Management LLC increased its position in shares of HP by 492.6% in 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. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of HP in the first quarter valued at approximately $35,000. Finally, CoreCap Advisors LLC increased its position in shares of HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after buying an additional 587 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.
About HP
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Get Free ReportHP 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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