The price of HP Inc (NYSE:HPQ) shares last traded on Wall Street rose 0.17% to $29.46.
Based on available information, 18 analysts follow HP Inc (NYSE:HPQ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $22.00, we find $30.00. Given the previous closing price of $29.41, this indicates a potential upside of 2.01 percent. HPQ stock price is now 8.13% away from the 50-day moving average and 0.37% away from the 200-day moving average. The market capitalization of the company currently stands at $29.11B.
Among analysts, 9 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $30.55 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 $2.88 billion. Insiders disposed of 23,624,605 shares of company stock worth roughly $695.98 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
A candlestick chart of HP Inc (NYSE: HPQ) showed a price of $29.40 on Friday morning. 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 $35.37B, which is based on a 8.95 price-to-earnings ratio, a 1.16 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for HPQ is $27.32 and a two-hundred day moving average price translates $29.35 for the stock.
The latest earnings results from HP Inc (NYSE: HPQ) was released for Oct, 2023. 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.
