Stocks of HP Inc (NYSE:HPQ) traded higher last session on Wall Street, up 0.55% to $29.50.
According to the data, HP Inc (NYSE:HPQ) has 18 analysts covering its stock. 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 $22.00, we find $30.00. Given the previous closing price of $29.34, this indicates a potential upside of 2.25 percent. HPQ stock price is now 9.41% away from the 50-day moving average and 0.44% away from the 200-day moving average. The market capitalization of the company currently stands at $29.15B.
A total of 10 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $30.05 as their price target over the next twelve months.
With the price target enhanced from $31 to $33, Citigroup Upgraded its rating from Neutral to Buy for HP Inc (NYSE: HPQ).
In other news, CHO ALEX, President, Personal Systems sold 45,758 shares of the company’s stock on Nov 30. The stock was sold for $1,337,964 at an average price of $29.24. Upon completion of the transaction, the President, Personal Systems now directly owns 22,003 shares in the company, valued at $0.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03, 10% Owner BERKSHIRE HATHAWAY INC sold 3,067,508 shares of the business’s stock. A total of $80,377,299 was realized by selling the stock at an average price of $26.20. This leaves the insider owning 97,854,605 shares of the company worth $2.89 billion. Insiders disposed of 23,903,015 shares of company stock worth roughly $705.14 million over the past 1 year. A total of 0.19% of the company’s stock is owned by insiders.
Friday’s opening bell rang with an opening price of $29.11 for HP Inc (NYSE: HPQ). During the past 12 months, HP Inc has had a low of $25.22 and a high of $33.90. According to the stock market information, the enterprise value for the company is $35.41B, which is based on a 8.96 price-to-earnings ratio, a 1.16 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for HPQ is $27.02 and a two-hundred day moving average price translates $29.36 for the stock.
The latest earnings results from HP Inc (NYSE: HPQ) was released for Oct, 2023. According to the Computer Hardware Company, earnings per share came in at $0.9, inline with analysts’ expectations of $0.9. This compares to $1.08 EPS in the same period last year. The company reported revenue of $13.2 billion for the quarter, compared to $14.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.91 percent. For the current quarter, analysts expect HPQ to generate $13.58B in revenue.
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.
