HP (NYSE:HPQ) Price Target Cut to $20.00 by Analysts at Citigroup

HP (NYSE:HPQ) had its target price lowered by Citigroup from $22.00 to $20.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the computer maker’s stock.

Several other analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Morgan Stanley dropped their target price on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 26th. TD Cowen reduced their price target on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Barclays reiterated an “underweight” rating and issued a $18.00 price objective (down previously from $24.00) on shares of HP in a research note on Friday, January 16th. Finally, Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $24.15.

HP Price Performance

Shares of NYSE:HPQ opened at $18.50 on Tuesday. HP has a 1 year low of $18.26 and a 1 year high of $35.28. The company has a market cap of $16.98 billion, a P/E ratio of 6.98, a PEG ratio of 0.30 and a beta of 1.21. The stock’s fifty day moving average price is $21.27 and its 200-day moving average price is $24.75.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $14.64 billion during the quarter, compared to analyst estimates of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.HP’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. On average, sell-side analysts anticipate 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, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Wednesday, March 11th. HP’s payout ratio is presently 45.28%.

Insider Transactions at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares in the company, valued at $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the transaction, the insider directly owned 169 shares in the company, valued at $4,196.27. This trade represents a 99.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 91,969 shares of company stock valued at $2,277,993 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of HP in the second quarter valued at $8,825,000. DekaBank Deutsche Girozentrale lifted its position in HP by 7.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 768,305 shares of the computer maker’s stock valued at $19,017,000 after purchasing an additional 51,706 shares during the last quarter. Maj Invest Holding A S grew its stake in shares of HP by 15.9% in the 2nd quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock worth $135,591,000 after buying an additional 761,622 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of HP by 5.7% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 56,853 shares of the computer maker’s stock worth $1,391,000 after buying an additional 3,056 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of HP by 15.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 12,797 shares of the computer maker’s stock worth $313,000 after buying an additional 1,681 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

About HP

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.