A number of other research firms have also weighed in on HPQ. UBS Group lowered HP from a buy rating to a neutral rating and set a $40.00 price objective on the stock. in a research note on Friday, April 8th. Evercore ISI reissued a buy rating and set a $42.00 price objective on shares of HP in a research note on Friday, February 25th. Morgan Stanley lowered HP from an equal weight rating to an underweight rating and lowered their price objective for the stock from $34.00 to $31.00 in a research note on Thursday, March 31st. JPMorgan Chase & Co. boosted their price objective on HP from $38.00 to $40.00 in a research note on Thursday, January 20th. Finally, Sanford C. Bernstein upped their price target on HP from $32.00 to $40.00 in a research note on Tuesday, January 11th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, HP has a consensus rating of Hold and an average price target of $36.07.
HPQ opened at $39.39 on Wednesday. HP has a twelve month low of $26.11 and a twelve month high of $41.47. The firm has a market capitalization of $41.49 billion, a PE ratio of 7.03, a PEG ratio of 2.17 and a beta of 0.92. The firm’s 50-day moving average price is $37.03 and its 200 day moving average price is $35.86.
In related news, CEO Enrique Lores sold 34,000 shares of the company’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $36.27, for a total value of $1,233,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alex Cho sold 53,874 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $35.11, for a total value of $1,891,516.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,951 shares of company stock worth $4,705,657. 0.22% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC boosted its position in shares of HP by 3.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 7,376 shares of the computer maker’s stock valued at $278,000 after purchasing an additional 269 shares during the period. KCM Investment Advisors LLC lifted its position in HP by 3.2% during the 4th quarter. KCM Investment Advisors LLC now owns 9,151 shares of the computer maker’s stock worth $345,000 after acquiring an additional 280 shares during the period. Stonnington Group LLC lifted its position in HP by 5.3% during the 1st quarter. Stonnington Group LLC now owns 5,790 shares of the computer maker’s stock worth $221,000 after acquiring an additional 290 shares during the period. Wesbanco Bank Inc. lifted its position in HP by 3.5% during the 4th quarter. Wesbanco Bank Inc. now owns 8,827 shares of the computer maker’s stock worth $332,000 after acquiring an additional 300 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its position in HP by 2.0% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 16,461 shares of the computer maker’s stock worth $450,000 after acquiring an additional 316 shares during the period. 81.94% of the stock is owned by hedge funds and other institutional investors.
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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