In yesterday’s Wall Street session, HP Inc (NYSE:HPQ) shares traded at $33.45, down -0.65% from the previous session.
HPQ stock price is now -5.80% away from the 50-day moving average and -2.22% away from the 200-day moving average. The market capitalization of the company currently stands at $31.37B.
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, Liebman Stephanie, Global Controller sold 11,000 shares of the company’s stock on Dec 30 ’24. The stock was sold for $357,500 at an average price of $32.50. Upon completion of the transaction, the Global Controller now directly owns 6,277 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, Officer Liebman Stephanie bought 14,000 shares of the business’s stock. A total of $455,000 was incurred on buying the stock at an average price of $32.50. A total of 0.25% 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 11.89 price-to-earnings ratio, a 4.58 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for HPQ is $35.5086 and a two-hundred day moving average price translates $34.2101 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.
