HP (NYSE:HPQ) Stock Rating Lowered by Wall Street Zen

HP (NYSE:HPQ) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other equities analysts have also recently commented on HPQ. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Saturday. UBS Group lifted their target price on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. cut shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Wednesday. Finally, Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HP currently has an average rating of “Hold” and an average price target of $28.71.

HP Stock Performance

HPQ stock opened at $27.67 on Friday. The company has a market capitalization of $25.87 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. HP has a 52-week low of $21.21 and a 52-week high of $39.79. The business has a 50-day simple moving average of $27.66 and a two-hundred day simple moving average of $26.28.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts forecast that HP will post 3.56 earnings per share for the current fiscal year.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of HP by 1.9% during the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after acquiring an additional 2,395,056 shares during the last quarter. Dodge & Cox grew its holdings in HP by 4.6% in the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock worth $854,718,000 after purchasing an additional 1,537,945 shares during the period. Geode Capital Management LLC grew its holdings in HP by 1.6% in the second quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock worth $638,720,000 after purchasing an additional 424,544 shares during the period. Invesco Ltd. grew its holdings in shares of HP by 15.9% during the second quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after buying an additional 1,806,246 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock worth $277,265,000 after purchasing an additional 724,020 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

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.