HP Inc. (NYSE:HPQ) has been assigned a consensus rating of “Buy” from the twenty-six analysts that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $21.44.

Several research firms have recently commented on HPQ. Royal Bank Of Canada boosted their price objective on HP from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup Inc. boosted their price objective on HP from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, October 13th. Bank of America Corporation boosted their price objective on HP from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, October 13th. Morgan Stanley boosted their price objective on HP from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Loop Capital boosted their price objective on HP from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, October 13th.

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In related news, Director Margaret C. Whitman sold 221,960 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $19.36, for a total transaction of $4,297,145.60. Following the sale, the director now owns 692,849 shares of the company’s stock, valued at approximately $13,413,556.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Enrique Lores sold 40,965 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $21.50, for a total value of $880,747.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,872,235 shares of company stock worth $37,015,007 in the last ninety days. Insiders own 0.62% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. APG Asset Management N.V. lifted its holdings in HP by 8.5% during the 3rd quarter. APG Asset Management N.V. now owns 11,356,293 shares of the computer maker’s stock worth $226,672,000 after purchasing an additional 891,900 shares in the last quarter. Carnick & Kubik Group LLC purchased a new stake in HP during the 3rd quarter worth about $562,000. State Treasurer State of Michigan lifted its holdings in HP by 170.5% during the 3rd quarter. State Treasurer State of Michigan now owns 1,496,225 shares of the computer maker’s stock worth $29,865,000 after purchasing an additional 943,000 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in HP by 3.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 258,614 shares of the computer maker’s stock worth $5,162,000 after purchasing an additional 8,990 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in HP by 35.7% during the 3rd quarter. Fisher Asset Management LLC now owns 14,353 shares of the computer maker’s stock worth $286,000 after purchasing an additional 3,779 shares in the last quarter. 79.17% of the stock is currently owned by institutional investors and hedge funds.

HP (HPQ) opened at 22.02 on Friday. The company has a market capitalization of $36.78 billion, a PE ratio of 16.00 and a beta of 1.94. The stock’s 50 day moving average is $20.15 and its 200 day moving average is $18.95. HP has a 52 week low of $13.83 and a 52 week high of $22.16.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Analysts predict that HP will post $1.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were given a dividend of $0.1327 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.41%. HP’s dividend payout ratio is presently 38.41%.

About HP

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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