HP Inc. (HPQ) Receives Buy Rating from Deutsche Bank AG
HP Inc. (NYSE:HPQ)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They presently have a $25.00 price objective on the computer maker’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 11.31% from the company’s previous close.
HPQ has been the topic of several other research reports. Maxim Group restated a “hold” rating and issued a $25.00 price target on shares of HP in a research report on Friday, October 27th. Royal Bank Of Canada lifted their price target on shares of HP from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, October 10th. Morgan Stanley lifted their price objective on shares of HP from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of HP in a research report on Sunday, October 8th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. HP currently has a consensus rating of “Buy” and an average price target of $21.79.
HP (NYSE HPQ) traded up $0.34 during trading on Wednesday, reaching $22.46. 17,538,400 shares of the company’s stock traded hands, compared to its average volume of 10,884,575. The company has a debt-to-equity ratio of -1.55, a quick ratio of 0.74 and a current ratio of 0.97. The firm has a market capitalization of $36,946.02, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 3.27 and a beta of 1.85. HP has a 12-month low of $14.40 and a 12-month high of $22.68.
HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.36 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. analysts predict that HP will post 1.65 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/22/hp-inc-hpq-receives-buy-rating-from-deutsche-bank-ag.html.
In other HP news, insider Enrique Lores sold 40,965 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $21.50, for a total transaction of $880,747.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marie Myers sold 10,025 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $195,487.50. Following the transaction, the insider now directly owns 10,025 shares of the company’s stock, valued at approximately $195,487.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,853,937 shares of company stock valued at $37,905,548. Company insiders own 0.62% of the company’s stock.
Large investors have recently bought and sold shares of the company. CAPROCK Group Inc. increased its holdings in shares of HP by 104.5% during the 3rd quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock worth $871,000 after purchasing an additional 22,150 shares during the period. Meyer Handelman Co. increased its holdings in shares of HP by 3.1% during the 3rd quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock worth $8,971,000 after purchasing an additional 13,600 shares during the period. Swiss National Bank increased its holdings in shares of HP by 0.6% during the 3rd quarter. Swiss National Bank now owns 6,208,592 shares of the computer maker’s stock worth $123,923,000 after purchasing an additional 34,800 shares during the period. Artemis Investment Management LLP bought a new position in shares of HP during the 2nd quarter worth about $19,380,000. Finally, Motco increased its holdings in shares of HP by 929.3% during the 2nd quarter. Motco now owns 10,633 shares of the computer maker’s stock worth $186,000 after purchasing an additional 9,600 shares during the period. Institutional investors own 80.51% of the company’s stock.
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.
Receive News & Ratings for HP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP Inc. and related companies with MarketBeat.com's FREE daily email newsletter.