Citigroup Cuts HP (NYSE:HPQ) Price Target to $25.00

HP (NYSE:HPQ) had its target price reduced by Citigroup from $27.00 to $25.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the computer maker’s stock.

HPQ has been the subject of several other reports. The Goldman Sachs Group lowered their target price on shares of HP from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday. Sanford C. Bernstein began coverage on HP in a research report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective for the company. UBS Group set a $24.00 target price on HP in a research report on Wednesday. TD Cowen decreased their target price on shares of HP from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.69.

HP Stock Performance

Shares of NYSE:HPQ opened at $24.39 on Wednesday. The business’s fifty day moving average price is $26.27 and its two-hundred day moving average price is $26.33. The stock has a market cap of $22.80 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28. HP has a one year low of $21.21 and a one year high of $36.93.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. As a group, equities research analysts predict that HP will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.30 per share. This is an increase from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, December 11th. HP’s payout ratio is 43.40%.

Insider Buying and Selling at HP

In related news, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their position. The SEC filing for this sale provides additional information. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. WPG Advisers LLC purchased a new stake in HP during the 1st quarter worth approximately $25,000. Westfuller Advisors LLC acquired a new stake in shares of HP during the third quarter worth approximately $28,000. Laurel Wealth Advisors LLC raised its holdings in HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in HP during the 2nd quarter valued at $27,000. Finally, Caitlin John LLC acquired a new position in HP during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.