HP (NYSE:HPQ) Cut to “Underweight” at Barclays

Barclays lowered shares of HP (NYSE:HPQ) from an equal weight rating to an underweight rating in a research report released on Friday, Marketbeat Ratings reports. The firm currently has $18.00 price target on the computer maker’s stock.

Other equities research analysts also recently issued reports about the company. HSBC set a $30.00 price target on HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. Evercore ISI cut their target price on shares of HP from $29.00 to $25.00 and set an “in-line” rating for the company in a research report on Wednesday, November 26th. The Goldman Sachs Group downgraded shares of HP from a “neutral” rating to a “sell” rating and set a $21.00 price target on the stock. in a research report on Tuesday, January 13th. Sanford C. Bernstein reissued a “market perform” rating on shares of HP in a research report on Monday, December 1st. Finally, Bank of America reduced their price objective on HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.00.

HP Trading Down 1.1%

NYSE:HPQ opened at $20.39 on Friday. The company has a market cap of $18.72 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 3.82 and a beta of 1.21. The company has a 50 day simple moving average of $23.46 and a two-hundred day simple moving average of $25.66. HP has a 12 month low of $19.98 and a 12 month high of $35.28.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Research analysts forecast that HP will post 3.56 earnings per share for the current year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Thursday, December 11th. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is currently 45.28%.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 41,922 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the completion of the sale, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at $3,677,856. This trade represents a 22.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the sale, the insider owned 169 shares in the company, valued at approximately $4,196.27. The trade was a 99.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 110,123 shares of company stock valued at $2,784,126 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of HP

A number of institutional investors and hedge funds have recently bought and sold shares of HPQ. Laurel Wealth Advisors LLC boosted its holdings in shares of HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after purchasing an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in HP during the 2nd quarter valued at $27,000. Westfuller Advisors LLC bought a new stake in HP in the third quarter worth $28,000. Global Trust Asset Management LLC boosted its stake in HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after buying an additional 1,000 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock valued at $30,000 after acquiring an additional 512 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: MarketBeat highlights HPQ as a low P/E, high-yield candidate that could rebound as DRAM supply/cost dynamics normalize and dividend support attracts income investors; the piece argues upside potential if sentiment stabilizes. 3 Low P/E Stocks: Separating Multibaggers From a Value Trap
• Positive Sentiment: HP’s Metal Jet business gets a small operational boost: INDO‑MIM qualified Continuum Powders’ OptiPowder Ni718 for production on HP Metal Jet systems, expanding U.S. industrial use cases and supporting industrial revenue potential. INDO‑MIM Qualifies Continuum Powders’ OptiPowder Ni718 on HP Metal Jet Systems
• Neutral Sentiment: Bank of America Securities kept a Hold rating and a $26 price target, signaling no change in the analyst view but implying upside from current levels if fundamentals stabilize. Bank of America Securities Maintains Hold Rating on HP Inc. (HPQ) Stock
• Negative Sentiment: Barclays downgraded HP to underweight and cut its price target to $18 (from $24), citing secular challenges and a “lack of catalyst” — a key driver of today’s selloff as it signals lower near-term expectations. Barclays cuts HPQ on secular challenges and a ’lack of catalyst’
• Negative Sentiment: Raymond James also downgraded HP to Sell, adding to analyst momentum to the downside and increasing downward pressure on sentiment. Raymond James downgrades HP (HPQ) to a Sell
• Negative Sentiment: Multiple analyst downgrades produced an early pre‑market drop (~3%), reflecting coordinated sell-side concern about near-term growth and margin risks. HP Inc. Stock (HPQ) Drops 3% Pre-Market as Analysts Downgrade Rating to Sell
• Negative Sentiment: HP hit a 52‑week low amid the selloff, reflecting deteriorating technicals and elevated short-term downside risk. HP stock hits 52-week low at $20.64
• Negative Sentiment: Industry cost headwinds: rising memory prices are benefiting chipmakers but pressuring OEMs including Apple and HP, which could compress margins if costs persist. Soaring Memory Prices Lift Chipmakers, Pressure Apple and HP

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.