HP (NYSE:HPQ) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded HP from “hold” to “buy,” although the broader analyst consensus remains “Reduce,” with a $23.50 average price target.
• HP reported better-than-expected quarterly results, posting $0.86 in EPS versus $0.72 expected and $14.41 billion in revenue versus $13.99 billion forecast; revenue rose 9% year over year.
• HP shares opened at $29.76, near their 52-week high of $32.19, while insiders have sold 52,620 shares worth roughly $1.48 million over the past 90 days.

HP (NYSE:HPQ - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other equities research analysts have also issued research reports about the company. Weiss Ratings upgraded HP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 6th. Barclays raised their price objective on HP from $16.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. Bank of America upped their target price on HP from $16.00 to $18.00 and gave the company an "underperform" rating in a report on Thursday, May 28th. UBS Group increased their target price on shares of HP from $20.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. Finally, Morgan Stanley raised their price target on shares of HP from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $23.50.

HP Price Performance

HPQ opened at $29.76 on Friday. HP has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The company's 50 day moving average price is $25.78 and its two-hundred day moving average price is $22.40. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 4.97 and a beta of 1.17.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities research analysts predict that HP will post 2.98 EPS for the current year.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares of the company's stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HP

Several institutional investors have recently added to or reduced their stakes in HPQ. IHT Wealth Management LLC increased its stake in shares of HP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker's stock valued at $305,000 after acquiring an additional 398 shares in the last quarter. Vident Advisory LLC boosted its stake in HP by 0.6% during the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker's stock worth $1,702,000 after acquiring an additional 444 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in HP by 10.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker's stock worth $110,000 after acquiring an additional 467 shares in the last quarter. Vise Technologies Inc. grew its holdings in HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker's stock worth $559,000 after purchasing an additional 477 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its holdings in HP by 0.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker's stock worth $1,772,000 after purchasing an additional 491 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.

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