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

Key Points

• HP Inc. has received an average recommendation of "Hold" from analysts, with one sell, fourteen hold, one buy, and one strong buy rating. The average 1-year price target is $28.71.
• In the last quarter, HP reported earnings per share of $0.75, matching analysts' expectations, and a revenue of $13.93 billion, exceeding the consensus estimate.
• CEO Enrique Lores sold 34,282 shares of HP stock at an average price of $26.85, representing a 99.99% decrease in his ownership of the stock.

HP Inc. (NYSE:HPQ - Get Free Report) has received a consensus rating of "Hold" from the seventeen analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $28.7083.

A number of research analysts have recently weighed in on the company. HSBC set a $30.00 price target on HP and gave the company a "buy" rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. downgraded HP from an "overweight" rating to a "neutral" rating and set a $30.00 price target on the stock. in a report on Wednesday. Hsbc Global Res upgraded HP from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 14th. Barclays lowered their price target on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. Finally, Evercore ISI reissued an "in-line" rating and set a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th.

HP Trading Down 0.6%

Shares of HPQ stock opened at $27.67 on Friday. HP has a 1-year low of $21.21 and a 1-year high of $39.79. The company has a market capitalization of $25.87 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 2.24 and a beta of 1.29. The stock's fifty day simple moving average is $27.66 and its 200-day simple moving average is $26.25.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. HP'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. On average, sell-side analysts predict that HP will post 3.56 EPS for the current year.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares of the company's stock, valued at approximately $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company's stock.

Institutional Trading of HP

A number of institutional investors and hedge funds have recently made changes to their positions in HPQ. WPG Advisers LLC acquired a new stake in shares of HP in the first quarter worth about $25,000. Laurel Wealth Advisors LLC lifted its position in shares of HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker's stock worth $26,000 after buying an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of HP in the second quarter worth about $27,000. Global Trust Asset Management LLC lifted 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 worth $29,000 after buying an additional 1,000 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of HP by 72.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker's stock worth $30,000 after purchasing an additional 512 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

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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