Goldman Sachs Group began coverage on shares of HP (NYSE:HPQ) in a note issued to investors on Wednesday. The brokerage set a “neutral” rating and a $25.00 price target on the computer maker’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 17.15% from the company’s previous close.
Several other research firms have also recently weighed in on HPQ. Barclays cut HP from an “overweight” rating to an “equal weight” rating and set a $23.00 price target on the stock. in a report on Wednesday, January 17th. Zacks Investment Research cut HP from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Loop Capital boosted their price target on HP from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Deutsche Bank restated a “buy” rating and set a $25.00 price target on shares of HP in a report on Wednesday, November 22nd. Finally, ValuEngine upgraded HP from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. HP has an average rating of “Hold” and an average target price of $22.83.
HP (NYSE HPQ) traded down $0.09 during trading hours on Wednesday, hitting $21.34. The stock had a trading volume of 1,334,984 shares, compared to its average volume of 8,797,155. The company has a market capitalization of $35,260.00, a PE ratio of 14.42, a P/E/G ratio of 2.24 and a beta of 1.76. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. HP has a 52 week low of $15.39 and a 52 week high of $24.10.
HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. equities analysts forecast that HP will post 1.81 earnings per share for the current fiscal year.
In related news, insider Kim M. Rivera sold 41,761 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $21.28, for a total value of $888,674.08. Following the sale, the insider now directly owns 84,799 shares in the company, valued at $1,804,522.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kim M. Rivera sold 14,635 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $21.08, for a total value of $308,505.80. Following the completion of the sale, the insider now owns 79,553 shares in the company, valued at $1,676,977.24. The disclosure for this sale can be found here. Insiders sold 944,749 shares of company stock worth $20,827,115 over the last quarter. 0.62% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners lifted its stake in HP by 2.7% in the fourth quarter. Boston Partners now owns 39,146,333 shares of the computer maker’s stock valued at $822,464,000 after buying an additional 1,034,661 shares during the period. Wells Fargo & Company MN lifted its stake in HP by 9.8% in the third quarter. Wells Fargo & Company MN now owns 15,902,375 shares of the computer maker’s stock valued at $317,411,000 after buying an additional 1,415,318 shares during the period. Capital International Investors lifted its stake in HP by 4.5% in the third quarter. Capital International Investors now owns 15,501,200 shares of the computer maker’s stock valued at $309,404,000 after buying an additional 672,800 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in HP by 19.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 12,557,886 shares of the computer maker’s stock valued at $212,366,000 after buying an additional 2,074,500 shares during the period. Finally, APG Asset Management N.V. lifted its stake in HP by 8.5% in the third quarter. APG Asset Management N.V. now owns 11,356,293 shares of the computer maker’s stock valued at $226,672,000 after buying an additional 891,900 shares during the period. 81.22% of the stock is currently owned by hedge funds and other institutional investors.
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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.