NYSE:HPQHP Stock Price, Forecast & News

$17.41

+0.94 (+5.71 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$17.13

Now: $17.41▼

$17.64

50-Day Range

$14.06

MA: $15.53▼

$17.30

52-Week Range

$12.54

Now: $17.41▼

$23.93

Volume19.43 million shs

Average Volume14.23 million shs

Market Capitalization$24.89 billion

P/E Ratio8.58

Dividend Yield4.25%

Beta0.99

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. The Printing segment provides consumer and commercial printer hardware, supplies, media, solutions, and services, as well as scanning devices; and laserJet and enterprise, inkjet and printing, graphics, and 3D printing solutions. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
HP has received a consensus rating of Hold. The company's average rating score is 2.06, and is based on 3 buy ratings, 11 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.40, HP has a potential upside of 5.7% from its current price of $17.41.
Amount of Analyst Coverage
HP has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
HP has received 1,443 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
HP has received 1,731 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
HP has received 54.54% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about HP and other stocks. Vote “Outperform” if you believe HPQ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HPQ will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
HP is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
HP has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of HP is 31.25 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, HP will have a dividend payout ratio of 31.82 % next year. This indicates that HP will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HP insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,249,835.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.25% of the stock of HP is held by insiders.
Percentage Held by Institutions
79.25% of the stock of HP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for HP are expected to grow by 4.76% in the coming year, from $2.10 to $2.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HP is 8.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of HP is 8.58, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.25.
Price to Earnings Growth Ratio
HP has a PEG Ratio of 5.31. PEG Ratios above 1 indicate that a company could be overvalued.

Overall Beat the Market Rank^™

2.71 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Computer & office equipment

Sub-IndustryComputer Hardware

SectorComputer and Technology

Current SymbolNYSE:HPQ

Previous Symbol

CUSIP42823610

CIK47217

Webwww.hp.com

Phone650-857-1501

Debt

Debt-to-Equity RatioN/A

Current Ratio0.78

Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio8.58

Forward P/E Ratio8.29

P/E Growth5.31

Sales & Book Value

Annual Sales$58.76 billion

Price / Sales0.42

Cash Flow$2.89 per share

Price / Cash Flow6.02

Book Value($0.52) per share

Price / Book-33.48

Profitability

EPS (Most Recent Fiscal Year)$2.24

Net Income$3.15 billion

Net Margins5.27%

Return on Equity-295.77%

Return on Assets10.59%

Miscellaneous

Employees56,000

Outstanding Shares1,429,764,000

Market Cap$24.89 billion

Next Earnings Date8/27/2020 (Estimated)

OptionableOptionable

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HP (NYSE:HPQ) Frequently Asked Questions

How has HP's stock been impacted by COVID-19 (Coronavirus)?

HP's stock was trading at $19.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HPQ shares have decreased by 10.1% and is now trading at $17.41. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of HP?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HP in the last year. There are currently 2 sell ratings, 11 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for HP.

When is HP's next earnings date?

HP is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020. View our earnings forecast for HP.

How were HP's earnings last quarter?

HP Inc. (NYSE:HPQ) issued its quarterly earnings data on Wednesday, May, 27th. The computer maker reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The computer maker had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.78 billion. HP had a net margin of 5.27% and a negative return on equity of 295.77%. The firm's quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. View HP's earnings history.

How often does HP pay dividends? What is the dividend yield for HP?

HP declared a quarterly dividend on Friday, May 15th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.1762 per share on Wednesday, July 1st. This represents a $0.70 annualized dividend and a yield of 4.05%. The ex-dividend date is Tuesday, June 9th. View HP's dividend history.

What guidance has HP issued on next quarter's earnings?

HP issued an update on its third quarter earnings guidance on Wednesday, May, 27th. The company provided EPS guidance of $0.39-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.45.

What price target have analysts set for HPQ?

16 Wall Street analysts have issued 12-month price targets for HP's shares. Their forecasts range from $11.00 to $26.00. On average, they anticipate HP's share price to reach $18.40 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View analysts' price targets for HP.

Has HP been receiving favorable news coverage?

News headlines about HPQ stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. HP earned a news sentiment score of -4.4 on InfoTrie's scale. They also assigned media headlines about the computer maker a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the near term. View the latest news aboutHP.

Who are some of HP's key competitors?

Some companies that are related to HP include Apple (AAPL), Dell (DELL), NCR (NCR), Super Micro Computer (SMCI), Stratasys (SSYS), 3D Systems (DDD), Diebold Nixdorf (DBD), Avid Technology (AVID) and Kopin (KOPN). View all competitors.

What other stocks do shareholders of HP own?

Based on aggregate information from My MarketBeat watchlists, some companies that other HP investors own include Visa (V), Hewlett Packard Enterprise (HPE), Intel (INTC), AT&T (T), Cisco Systems (CSCO), Bank of America (BAC), Pfizer (PFE), NVIDIA (NVDA), Gilead Sciences (GILD) and Alibaba Group (BABA).

Who are HP's key executives?

HP's management team includes the following people:

Mr. Dion J. Weisler, Pres, CEO & Director (Age 51)
Ms. Catherine A. Lesjak, Chief Financial Officer (Age 59)
Mr. Ron Coughlin, Pres of Personal Systems Bus. (Age 52)
Mr. Enrique Lores, Pres of Imaging & Printing (Age 52)
Mr. Joshua Brenkel, Interim Chief Operating Officer

What is HP's stock symbol?

HP trades on the New York Stock Exchange (NYSE) under the ticker symbol "HPQ."

Who are HP's major shareholders?

HP's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.07%), State Street Corp (4.49%), Primecap Management Co. CA (2.56%), Deutsche Bank AG (1.74%), Geode Capital Management LLC (1.58%) and Baupost Group LLC MA (1.40%). Company insiders that own HP stock include Alex Cho, Catherine A Lesjak, Christoph Schell, Claire Bramley, Dion J Weisler, Enrique Lores, Kim M Rivera, Marie Myers, Robert R Bennett, Shumeet Banerji and Tracy S Keogh. View institutional ownership trends for HP.

Which major investors are selling HP stock?

HPQ stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Two Sigma Investments LP, Primecap Management Co. CA, State Street Corp, DNB Asset Management AS, American International Group Inc., Two Sigma Advisers LP, and Morgan Stanley. Company insiders that have sold HP company stock in the last year include Christoph Schell, Claire Bramley, Dion J Weisler, Kim M Rivera, Shumeet Banerji, and Tracy S Keogh. View insider buying and selling activity for HP.

Which major investors are buying HP stock?

HPQ stock was acquired by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, APG Asset Management N.V., Nuveen Asset Management LLC, Magnetar Financial LLC, JPMorgan Chase & Co., BlackRock Inc., Janus Henderson Group PLC, and Swiss National Bank. Company insiders that have bought HP stock in the last two years include Enrique Lores, and Robert R Bennett. View insider buying and selling activity for HP.

How do I buy shares of HP?

Shares of HPQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is HP's stock price today?

One share of HPQ stock can currently be purchased for approximately $17.41.

How big of a company is HP?

HP has a market capitalization of $24.89 billion and generates $58.76 billion in revenue each year. The computer maker earns $3.15 billion in net income (profit) each year or $2.24 on an earnings per share basis. HP employs 56,000 workers across the globe.

What is HP's official website?

The official website for HP is www.hp.com.

How can I contact HP?

HP's mailing address is 1501 PAGE MILL ROAD, PALO ALTO CA, 94304. The computer maker can be reached via phone at 650-857-1501 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff