The price of HP Inc. (NYSE:HPQ) shares last traded on Wall Street rose 0.30% to $29.66.
Based on available information, 17 analysts follow HP Inc. (NYSE:HPQ). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $24.00, we find $30.00. Given the previous closing price of $29.57, this indicates a potential upside of 1.45 percent. HPQ stock price is now 1.93% away from the 50-day moving average and 2.73% away from the 200-day moving average. The market capitalization of the company currently stands at $29.71B.
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Among analysts, 11 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $29.38 as their price target over the next twelve months.
With the price target enhanced from $28 to $31, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for HP Inc. (NYSE: HPQ). On April 17, 2023, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $30 to quote $35, while ‘Goldman’ rates the stock as ‘Neutral’.
In other news, MYERS MARIE, Chief Financial Officer sold 4,165 shares of the company’s stock on May 01. The stock was sold for $124,367 at an average price of $29.86. Upon completion of the transaction, the Chief Financial Officer now directly owns 38,941 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03, President and CEO LORES ENRIQUE sold 38,000 shares of the business’s stock. A total of $1,121,380 was realized by selling the stock at an average price of $29.51. This leaves the insider owning 766,268 shares of the company worth $22.73 million. Insiders disposed of 1,129,385 shares of company stock worth roughly $33.5 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HPQ stock. A new stake in HP Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $30,238,000. SPARTA 24 LTD. invested $26,072,000 in shares of HPQ during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in HP Inc. valued at approximately $10,912,000. MARSHALL WACE, LLP acquired a new stake in HPQ for approximately $10,337,000. TWINBEECH CAPITAL LP purchased a new stake in HPQ valued at around $10,087,000 in the second quarter. In total, there are 1,411 active investors with 83.70% ownership of the company’s stock.
A candlestick chart of HP Inc. (NYSE: HPQ) showed a price of $29.67 on Tuesday morning. During the past 12 months, HP Inc. has had a low of $24.08 and a high of $40.79. According to the stock market information, the enterprise value for the company is $39.96B, which is based on a 11.82 price-to-earnings ratio, a 7.35 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for HPQ is $29.12 and a two-hundred day moving average price translates $28.85 for the stock.
The latest earnings results from HP Inc. (NYSE: HPQ) was released for Jan, 2023. According to the Computer Hardware Company, earnings per share came in at $0.75, inline with analysts’ expectations of $0.75. This compares to $0.99 EPS in the same period last year. The net profit margin was 4.40% and return on equity was -95.90% for HPQ. The company reported revenue of $13.83 billion for the quarter, compared to $17.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.79 percent. For the current quarter, analysts expect HPQ to generate $13.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/05/2023. Investors who held shares on 06/14/2023 were paid a $0.2625 dividend. On an annualized basis, this represents a $1.05 dividend and a 3.54% percent yield. There was an ex-dividend date of 06/13/2023 for this dividend. In terms of dividend payout ratio, HPQ is presently at 39.90%.
HP Inc.(HPQ) Company Profile
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, commercial mobility devices, thin clients, retail point-of-sale systems, displays and peripherals, software, support, and services, as well as video conferencing solutions, cameras, headsets, voice, and related software products. The Printing segment provides consumer and commercial printer hardware, supplies, solutions, and services, as well as focuses on graphics and 3D imaging solutions in the commercial and industrial markets. The Corporate Investments segment is involved in the HP Labs and business incubation, and investment projects. It serves individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. 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.
