HP Inc. (NYSE:HPQ) Receives Consensus Rating of “Reduce” from Analysts

Shares of HP Inc. (NYSE:HPQ) have been given an average recommendation of “Reduce” by the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.5833.

Several analysts recently issued reports on the stock. Argus raised shares of HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Evercore set a $22.00 target price on shares of HP in a report on Thursday, February 19th. Wells Fargo & Company cut their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd.

HP Stock Performance

Shares of HPQ stock opened at $18.51 on Tuesday. The stock’s 50 day simple moving average is $19.18 and its 200 day simple moving average is $23.34. HP has a twelve month low of $17.56 and a twelve month high of $29.55. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 5.07 and a beta of 1.18.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, analysts forecast that HP will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 annualized dividend and a yield of 6.5%. HP’s dividend payout ratio is presently 45.45%.

Insider Transactions at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of HP 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 transaction, the insider directly owned 34,572 shares of the company’s stock, valued at $801,724.68. The trade was a 49.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On HP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its holdings in shares of HP by 0.3% during the 4th quarter. Hsbc Holdings PLC now owns 4,583,299 shares of the computer maker’s stock worth $102,256,000 after purchasing an additional 14,495 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of HP by 10.9% in the fourth quarter. Corient Private Wealth LLC now owns 241,682 shares of the computer maker’s stock valued at $5,386,000 after purchasing an additional 23,744 shares in the last quarter. Union Savings Bank acquired a new position in shares of HP in the fourth quarter valued at $28,000. SHP Wealth Management bought a new position in HP in the fourth quarter worth $26,000. Finally, Wick Capital Partners LLC bought a new position in HP in the fourth quarter worth $309,000. Institutional investors and hedge funds 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.