HP Inc. (NYSE:HPQ) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of HP Inc. (NYSE:HPQ) have received a consensus recommendation of “Reduce” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $23.3333.

A number of analysts have weighed in on HPQ shares. Wells Fargo & Company upped their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Barclays boosted their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Morgan Stanley upped their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, Bank of America raised their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the sale, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Garner Asset Management Corp acquired a new stake in HP in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of HP during the 4th quarter valued at $26,000. SHP Wealth Management purchased a new stake in shares of HP during the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its position in shares of HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares in the last quarter. Finally, Union Savings Bank acquired a new stake in shares of HP in the 4th quarter worth $28,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

NYSE HPQ opened at $22.01 on Thursday. HP has a one year low of $17.56 and a one year high of $29.65. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 3.70 and a beta of 1.19. The company’s 50-day simple moving average is $23.05 and its two-hundred day simple moving average is $21.10.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities analysts expect that HP will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 5.5%. HP’s payout ratio is currently 44.28%.

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.