HP Inc (NYSE:HPQ) shares traded -0.62% lower at $30.42 on Wall Street last session.
HPQ stock price is now 3.81% away from the 50-day moving average and 3.38% away from the 200-day moving average. The market capitalization of the company currently stands at $29.77B.
With the price target enhanced from $30 to $33, HSBC Securities Upgraded its rating from Hold to Buy for HP Inc (NYSE: HPQ). On December 12, 2023, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $31 to quote $35, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Liebman Stephanie, Global Controller sold 8,708 shares of the company’s stock on Mar 08 ’24. The stock was sold for $269,338 at an average price of $30.93. Upon completion of the transaction, the Global Controller now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Chief Commercial Officer McQuarrie David P. sold 51,111 shares of the business’s stock. A total of $1,491,930 was realized by selling the stock at an average price of $29.19. This leaves the insider owning 5,449 shares of the company worth $0.17 million. A total of 0.23% of the company’s stock is owned by insiders.
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 $38.44B, which is based on a 8.89 price-to-earnings ratio, a 2.96 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for HPQ is $29.31 and a two-hundred day moving average price translates $29.42 for the stock.
The latest earnings results from HP Inc (NYSE: HPQ) was released for Jan, 2024. According to the Computer Hardware Company, earnings per share came in at $0.81, inline with analysts’ expectations of $0.81. This compares to $0.47 EPS in the same period last year. The company reported revenue of $13.19 billion for the quarter, compared to $13.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.44 percent. For the current quarter, analysts expect HPQ to generate $12.59B in revenue.
