HP (NYSE:HPQ) Raised to Strong-Buy at Hsbc Global Res

Key Points

• HP has been upgraded from a "hold" rating to a "strong-buy" rating by analysts at Hsbc Global Res, indicating a positive outlook for the stock.
• Analyst price targets for HP vary, with JPMorgan Chase raising theirs to $30.00, while Barclays lowered theirs to $27.00, showing a range of sentiment among market analysts.
• HP's share price is currently trading at around $28.55, with a market cap of $26.69 billion, and has reported revenues of $13.93 billion for the most recent quarter.

HP (NYSE:HPQ - Get Free Report) was upgraded by stock analysts at Hsbc Global Res from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Evercore ISI restated an "in-line" rating and issued a $29.00 target price on shares of HP in a report on Wednesday, September 10th. Weiss Ratings reissued a "hold (c)" rating on shares of HP in a research report on Wednesday, October 8th. Barclays lowered their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein initiated coverage on HP in a report on Monday, September 15th. They set a "market perform" rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $28.71.

HP Trading Up 4.4%

Shares of HPQ stock opened at $28.55 on Tuesday. HP has a twelve month low of $21.21 and a twelve month high of $39.79. The stock has a market cap of $26.69 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.20 and a beta of 1.29. The company's 50-day moving average price is $27.41 and its 200-day moving average price is $26.10.

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

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the 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 transaction, the chief executive officer directly owned 3 shares of the company's stock, valued at approximately $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On HP

A number of institutional investors have recently modified their holdings of the stock. WPG Advisers LLC acquired a new position in HP in the 1st quarter worth about $25,000. Laurel Wealth Advisors LLC increased its stake 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 purchasing an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in HP during the 2nd quarter valued at approximately $27,000. Global Trust Asset Management LLC grew its stake 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 acquiring an additional 1,000 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in HP by 72.3% in the 2nd 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 last quarter. Institutional investors and hedge funds 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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