The stock of HP Inc (NYSE:HPQ) last traded at $29.99, up 0.37% from the previous session.
HPQ stock price is now 2.42% away from the 50-day moving average and 1.90% away from the 200-day moving average. The market capitalization of the company currently stands at $29.34B.
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, BENNETT ROBERT R, Director sold 67,000 shares of the company’s stock on Mar 21 ’24. The stock was sold for $2,010,670 at an average price of $30.01. Upon completion of the transaction, the Director now directly owns 60,216 shares in the company, valued at $1.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, Global Controller Liebman Stephanie sold 8,708 shares of the business’s stock. A total of $269,338 was realized by selling the stock at an average price of $30.93. 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 $38.02B, which is based on a 8.76 price-to-earnings ratio, a 2.92 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for HPQ is $29.28 and a two-hundred day moving average price translates $29.43 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 $0.75, inline with analysts’ expectations of $0.75. 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 $11.65B in revenue.
HP Inc(HPQ) Company Profile
HP Inc. provides personal computing and other digital access devices, imaging and printing products, and related technologies, solutions, and services worldwide. 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, software, support, and services, as well as hybrid systems, such 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 printing and personalization solutions in the commercial and industrial markets. The Corporate Investments segment is involved in the 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.
