HP (NYSE:HPQ) Given Hold (C) Rating at Weiss Ratings

HP (NYSE:HPQ - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

HPQ has been the topic of a number of other reports. Barclays reduced their price target on shares of HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Sanford C. Bernstein began coverage on shares of HP in a research report on Monday, September 15th. They set a "market perform" rating and a $30.00 price target on the stock. UBS Group increased their price target on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. increased their price target on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, HP currently has a consensus rating of "Hold" and an average price target of $29.38.

HP Trading Up 2.0%

HPQ stock opened at $27.09 on Wednesday. The company's 50 day moving average is $27.23 and its 200 day moving average is $26.16. The stock has a market cap of $25.32 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. HP has a 1-year low of $21.21 and a 1-year high of $39.79.

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

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer owned 3 shares in the company, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of HP

Several large investors have recently added to or reduced their stakes in HPQ. Nuveen LLC bought a new stake in HP in the first quarter valued at $179,037,000. Norges Bank bought a new stake in HP in the second quarter valued at $91,698,000. Qube Research & Technologies Ltd bought a new stake in HP in the second quarter valued at $74,385,000. Vanguard Group Inc. boosted its holdings in HP by 1.9% in the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker's stock valued at $3,095,078,000 after acquiring an additional 2,395,056 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in HP by 93.9% in the second quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker's stock valued at $119,226,000 after acquiring an additional 2,360,678 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

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.

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