HP Inc (HPQ) Receives Consensus Rating of “Buy” from Brokerages

Shares of HP Inc (NYSE:HPQ) have earned a consensus rating of “Buy” from the twenty-six brokerages that are covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $21.01.

HPQ has been the topic of several research analyst reports. Guggenheim reiterated a “neutral” rating on shares of HP in a research note on Monday, October 2nd. Deutsche Bank reiterated a “buy” rating and issued a $23.00 price target (up previously from $22.00) on shares of HP in a research note on Friday, October 6th. Jefferies Group reiterated a “hold” rating and issued a $20.00 price target on shares of HP in a research note on Sunday, October 8th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, October 10th. Finally, Loop Capital boosted their price target on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, October 13th.

In related news, insider Dion J. Weisler sold 80,102 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $21.47, for a total value of $1,719,789.94. Following the sale, the insider now directly owns 339,497 shares of the company’s stock, valued at approximately $7,289,000.59. The transaction was disclosed in a 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 transaction of $880,747.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,065,836 shares of company stock worth $22,701,021 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HPQ. Boston Partners raised its position in HP by 45.9% in the 3rd quarter. Boston Partners now owns 38,111,672 shares of the computer maker’s stock worth $760,709,000 after purchasing an additional 11,994,111 shares during the period. Parametric Portfolio Associates LLC raised its position in HP by 87.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,213,170 shares of the computer maker’s stock worth $126,086,000 after purchasing an additional 3,358,299 shares during the period. Miller Howard Investments Inc. NY purchased a new stake in HP in the 3rd quarter worth about $63,140,000. Wells Fargo & Company MN raised its position in HP by 26.3% in the 2nd quarter. Wells Fargo & Company MN now owns 14,487,057 shares of the computer maker’s stock worth $253,233,000 after purchasing an additional 3,017,182 shares during the period. Finally, Ameriprise Financial Inc. raised its position in HP by 168.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,438,608 shares of the computer maker’s stock worth $77,640,000 after purchasing an additional 2,787,506 shares during the period. 80.89% of the stock is currently owned by institutional investors.

Shares of HP (NYSE:HPQ) opened at $21.53 on Friday. The company has a market cap of $35,420.00, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.26 and a beta of 1.81. HP has a one year low of $14.40 and a one year high of $22.68. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of -1.98.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. equities analysts forecast that HP will post 1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were given a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.59%. This is a boost from HP’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 12th. HP’s dividend payout ratio is currently 37.84%.

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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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