HP Inc. (NYSE:HPQ) Given Consensus Recommendation of “Reduce” by Brokerages

HP Inc. (NYSE:HPQ) has been assigned an average rating of “Reduce” from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.3333.

A number of research firms have recently commented on HPQ. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Barclays boosted their target price on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Evercore set a $22.00 target price on shares of HP in a research report on Thursday, February 19th. Wells Fargo & Company boosted their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th.

Hedge Funds Weigh In On HP

A number of institutional investors and hedge funds have recently bought and sold shares of HPQ. Applied Finance Capital Management LLC boosted its stake in HP by 8.4% during the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after buying an additional 94,494 shares in the last quarter. Vanguard Group Inc. boosted its stake in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after buying an additional 157,464 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in HP during the third quarter worth $22,601,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in HP during the fourth quarter worth $31,899,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Down 2.7%

NYSE:HPQ opened at $25.59 on Friday. HP has a 12 month low of $17.56 and a 12 month high of $29.65. The firm has a market cap of $23.40 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 4.32 and a beta of 1.17. The company’s 50 day moving average is $21.41 and its 200-day moving average is $21.21.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s quarterly 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. Research analysts predict that HP will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. HP’s payout ratio is 44.28%.

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.