HP (NYSE:HPQ) Raised to Buy at Wall Street Zen

HP (NYSE:HPQ) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts also recently issued reports on HPQ. Morgan Stanley upped their price objective on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Evercore set a $22.00 target price on shares of HP in a research note on Thursday, February 19th. UBS Group increased their target price on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $23.33.

HP Price Performance

NYSE HPQ opened at $25.19 on Friday. HP has a 1 year low of $17.56 and a 1 year high of $29.65. The company has a market capitalization of $23.04 billion, a PE ratio of 9.30, a P/E/G ratio of 4.16 and a beta of 1.17. The company has a fifty day moving average of $21.98 and a two-hundred day moving average of $21.28.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. HP’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, research analysts expect that HP will post 2.98 earnings per share for the current year.

Institutional Investors Weigh In On HP

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of HP by 8.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after purchasing an additional 157,464 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of HP during the 3rd quarter worth approximately $22,601,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of HP during the 4th quarter worth approximately $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of HP by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after purchasing an additional 103,175 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Company Profile

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.