TD Cowen Cuts HP (NYSE:HPQ) Price Target to $26.00

HP (NYSE:HPQ) had its price objective decreased by TD Cowen from $28.00 to $26.00 in a report released on Wednesday, MarketBeat.com reports. TD Cowen currently has a hold rating on the computer maker’s stock.

A number of other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. HSBC set a $30.00 price target on HP and gave the company a “buy” rating in a research report on Tuesday, October 14th. Bank of America dropped their target price on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $21.00 price objective on shares of HP in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.69.

HP Price Performance

HP stock opened at $24.39 on Wednesday. HP has a fifty-two week low of $21.21 and a fifty-two week high of $36.93. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 2.23 and a beta of 1.28. The firm has a fifty day moving average price of $26.27 and a two-hundred day moving average price of $26.33.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. 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, sell-side analysts expect that HP will post 3.56 earnings per share for the current year.

HP Increases Dividend

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

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction that occurred 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 $4,711.72. The trade was a 99.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HP

Several large investors have recently made changes to their positions in the stock. Strategic Advocates LLC acquired a new position in shares of HP during the third quarter worth about $214,000. CIBC Private Wealth Group LLC raised its holdings in HP by 0.9% during the third quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after acquiring an additional 470 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of HP during the 3rd quarter worth approximately $3,529,000. Achmea Investment Management B.V. raised its position in HP by 4.4% during the third quarter. Achmea Investment Management B.V. now owns 799,355 shares of the computer maker’s stock worth $21,767,000 after acquiring an additional 33,960 shares in the last quarter. Finally, First Affirmative Financial Network acquired a new stake in HP in the 3rd quarter valued at about $230,000. 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.