HP Inc. (NYSE:HPQ) Given Consensus Rating of “Hold” by Brokerages

Shares of HP Inc. (NYSE:HPQ) have earned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $29.54.

A number of analysts recently issued reports on HPQ shares. UBS Group lowered their price target on HP from $37.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. Citigroup lowered their target price on HP from $29.00 to $27.50 and set a “neutral” rating for the company in a report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on HP from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, May 29th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Bank of America dropped their price objective on HP from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th.

Institutional Trading of HP

Several hedge funds and other institutional investors have recently made changes to their positions in HPQ. Proficio Capital Partners LLC purchased a new stake in shares of HP during the 4th quarter valued at $211,000. HighTower Advisors LLC increased its position in shares of HP by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 191,082 shares of the computer maker’s stock valued at $6,235,000 after acquiring an additional 1,835 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of HP by 1.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 100,821 shares of the computer maker’s stock valued at $3,290,000 after acquiring an additional 1,314 shares during the period. Harbour Investments Inc. increased its position in shares of HP by 17.7% in the 4th quarter. Harbour Investments Inc. now owns 3,236 shares of the computer maker’s stock valued at $106,000 after acquiring an additional 487 shares during the period. Finally, Cibc World Markets Corp increased its position in shares of HP by 14.5% in the 4th quarter. Cibc World Markets Corp now owns 152,082 shares of the computer maker’s stock valued at $4,962,000 after acquiring an additional 19,238 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of NYSE HPQ opened at $24.56 on Thursday. The firm has a market capitalization of $23.06 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.99 and a beta of 1.27. The stock has a 50 day moving average price of $25.92 and a 200 day moving average price of $28.30. HP has a 52-week low of $21.21 and a 52-week high of $39.80.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The firm had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Analysts forecast that HP will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.71%. HP’s dividend payout ratio is presently 44.79%.

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.