In yesterday’s Wall Street session, HP Inc (NYSE:HPQ) shares traded at $29.97, up 2.25% from the previous session.
HPQ stock price is now 2.03% away from the 50-day moving average and 1.94% away from the 200-day moving average. The market capitalization of the company currently stands at $29.33B.
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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 $1.8 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 0.21% 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 $38.00B, which is based on a 8.75 price-to-earnings ratio, a 2.92 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for HPQ is $29.37 and a two-hundred day moving average price translates $29.40 for the stock.
The latest earnings results from HP Inc (NYSE: HPQ) was released for Jan, 2024. 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.
