HP Inc. (NYSE:HPQ) had its price target upped by equities research analysts at Citigroup Inc. from $20.00 to $23.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the computer maker’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 12.75% from the company’s current price.

Several other analysts also recently commented on the stock. Bank of America Corporation upped their price objective on shares of HP from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley upped their price objective on shares of HP from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday. Loop Capital upped their price objective on shares of HP from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price objective on shares of HP in a report on Sunday, October 8th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.27.

Shares of HP (HPQ) traded up 6.62% during midday trading on Friday, reaching $21.75. 12,365,398 shares of the company traded hands. The company has a 50 day moving average price of $19.71 and a 200 day moving average price of $18.76. The company has a market capitalization of $36.33 billion, a PE ratio of 15.81 and a beta of 1.94. HP has a 1-year low of $13.77 and a 1-year high of $21.91.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.31 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. HP’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, analysts expect that HP will post $1.65 earnings per share for the current year.

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In other news, Director Margaret C. Whitman sold 295,936 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $19.00, for a total value of $5,622,784.00. Following the completion of the transaction, the director now owns 766,825 shares of the company’s stock, valued at $14,569,675. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marie Myers sold 11,752 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $19.25, for a total transaction of $226,226.00. Following the completion of the transaction, the insider now directly owns 11,752 shares of the company’s stock, valued at approximately $226,226. The disclosure for this sale can be found here. In the last three months, insiders sold 2,127,206 shares of company stock valued at $41,757,043. Insiders own 0.62% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in HP by 0.4% in the first quarter. Parallel Advisors LLC now owns 11,616 shares of the computer maker’s stock valued at $218,000 after acquiring an additional 41 shares in the last quarter. Montecito Bank & Trust raised its holdings in HP by 0.3% in the second quarter. Montecito Bank & Trust now owns 17,342 shares of the computer maker’s stock valued at $303,000 after acquiring an additional 60 shares in the last quarter. D.A. Davidson & CO. raised its holdings in HP by 1.1% in the second quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after acquiring an additional 85 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in HP by 0.7% in the second quarter. Rehmann Capital Advisory Group now owns 17,435 shares of the computer maker’s stock valued at $305,000 after acquiring an additional 127 shares in the last quarter. Finally, Advisor Partners LLC raised its holdings in HP by 0.4% in the second quarter. Advisor Partners LLC now owns 43,215 shares of the computer maker’s stock valued at $755,000 after acquiring an additional 158 shares in the last quarter. 79.18% of the stock is owned by institutional investors and hedge funds.

HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Analyst Recommendations for HP (NYSE:HPQ)

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