Citigroup Issues Pessimistic Forecast for HP (NYSE:HPQ) Stock Price

HP (NYSE:HPQ) had its target price cut by stock analysts at Citigroup from $22.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the computer maker’s stock. Citigroup’s target price points to a potential upside of 8.90% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Argus raised shares of HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a report on Monday, December 1st. Evercore decreased their price target on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 26th. Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Finally, Morgan Stanley decreased their target price on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $24.15.

HP Trading Down 0.7%

Shares of HPQ opened at $18.37 on Tuesday. The firm has a fifty day simple moving average of $21.13 and a two-hundred day simple moving average of $24.70. The firm has a market cap of $16.86 billion, a PE ratio of 6.93, a P/E/G ratio of 0.29 and a beta of 1.21. HP has a 1-year low of $18.25 and a 1-year high of $35.28.

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

Insider Activity

In other HP news, CEO Enrique Lores sold 41,922 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the completion of the transaction, the chief executive officer directly owned 141,456 shares in the company, valued at $3,677,856. This represents a 22.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the 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 directly owned 169 shares of the company’s stock, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 91,969 shares of company stock worth $2,277,993 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On HP

Hedge funds and other institutional investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of HP during the 2nd quarter valued at about $8,825,000. DekaBank Deutsche Girozentrale lifted its position in shares of HP by 7.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 768,305 shares of the computer maker’s stock worth $19,017,000 after buying an additional 51,706 shares in the last quarter. Maj Invest Holding A S boosted its stake in HP by 15.9% during the second quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock valued at $135,591,000 after buying an additional 761,622 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in HP by 5.7% during the second quarter. Legacy Wealth Asset Management LLC now owns 56,853 shares of the computer maker’s stock valued at $1,391,000 after buying an additional 3,056 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in HP by 15.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 12,797 shares of the computer maker’s stock valued at $313,000 after buying an additional 1,681 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

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.