Stocks of HP Inc (NYSE:HPQ) traded higher last session on Wall Street, up 0.93% to $36.79.
HPQ stock price is now 0.40% away from the 50-day moving average and 9.19% away from the 200-day moving average. The market capitalization of the company currently stands at $35.46B.
With the price target reduced from $39 to $38, HSBC Securities Downgraded its rating from Buy to Hold for HP Inc (NYSE: HPQ). On November 27, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $32 to quote $39, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, CHO ALEX, President, Personal Systems sold 10,298 shares of the company’s stock on Nov 29 ’24. The stock was sold for $353,427 at an average price of $34.32. Upon completion of the transaction, the President, Personal Systems now directly owns 64,676 shares in the company, valued at $2.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Officer LORES ENRIQUE bought 105,751 shares of the business’s stock. A total of $3,692,275 was incurred on buying the stock at an average price of $34.91. A total of 0.24% of the company’s stock is owned by insiders.
During the past 12 months, HP Inc has had a low of $27.42 and a high of $39.79. According to the stock market information, the enterprise value for the company is $45612367872, which is based on a 13.09 price-to-earnings ratio, a 44.08 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for HPQ is $36.6106 and a two-hundred day moving average price translates $33.65125 for the stock.
The latest earnings results from HP Inc (NYSE: HPQ) was released for 2024-07-31. The company reported revenue of $13.52 billion for the quarter, compared to $13.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.45 percent.
