HP Inc. (NYSE:HPQ) Receives Consensus Rating of “Hold” from Brokerages

Shares of HP Inc. (NYSE:HPQ – Get Rating) have received a consensus rating of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.07.

Several equities research analysts have recently weighed in on HPQ shares. Evercore ISI reiterated a “buy” rating and set a $42.00 price target on shares of HP in a research report on Friday, February 25th. JPMorgan Chase & Co. upped their target price on shares of HP from $38.00 to $40.00 in a report on Thursday, January 20th. Barclays cut their price target on shares of HP from $30.00 to $29.00 and set an “underweight” rating for the company in a report on Thursday, March 31st. UBS Group downgraded HP from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Friday, April 8th. Finally, StockNews.com cut HP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th.

In other news, insider Harvey Anderson sold 8,939 shares of the business’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $36.84, for a total value of $329,312.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marie Myers sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $37.43, for a total value of $168,435.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,451 shares of company stock valued at $4,540,867. 0.22% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ironwood Wealth Management LLC. increased its position in shares of HP by 117.9% in the second quarter. Ironwood Wealth Management LLC. now owns 2,674 shares of the computer maker’s stock valued at $81,000 after acquiring an additional 1,447 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of HP by 15.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 318,593 shares of the computer maker’s stock worth $8,717,000 after purchasing an additional 42,116 shares during the last quarter. Brookstone Capital Management increased its holdings in HP by 14.4% during the 3rd quarter. Brookstone Capital Management now owns 31,728 shares of the computer maker’s stock valued at $840,000 after purchasing an additional 3,989 shares during the period. Herold Advisors Inc. bought a new position in HP during the 3rd quarter valued at approximately $52,000. Finally, Van ECK Associates Corp lifted its holdings in HP by 95.6% in the 3rd quarter. Van ECK Associates Corp now owns 10,572 shares of the computer maker’s stock worth $289,000 after buying an additional 5,168 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

HPQ opened at $37.58 on Friday. HP has a 12 month low of $26.11 and a 12 month high of $41.47. The company has a market cap of $39.59 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 2.24 and a beta of 0.99. The company has a 50 day moving average of $36.82 and a 200 day moving average of $35.56.

HP (NYSE:HPQ – Get Rating) last posted its quarterly earnings results on Monday, February 28th. The computer maker reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. HP had a negative return on equity of 164.36% and a net margin of 10.05%. The firm had revenue of $17.03 billion during the quarter, compared to analyst estimates of $16.52 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities analysts anticipate that HP will post 4.27 earnings per share for the current year.

HP Company Profile (Get Rating)

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.

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