HP Inc. (NYSE:HPQ) had its price target upped by research analysts at Mizuho from $12.00 to $14.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the computer maker’s stock. Mizuho’s target price points to a potential downside of 0.21% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of HP in a report on Sunday, July 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $15.00 price objective on shares of HP in a report on Thursday, June 23rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $13.00 price objective on shares of HP in a report on Wednesday, June 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of HP in a report on Tuesday, June 21st. Finally, BMO Capital Markets increased their price objective on shares of HP from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Thursday, August 25th. Eighteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.26.
HP (NYSE:HPQ) opened at 14.03 on Friday. HP has a 1-year low of $8.91 and a 1-year high of $15.88. The stock has a market capitalization of $24.00 billion, a PE ratio of 7.47 and a beta of 1.55. The company’s 50 day moving average is $14.89 and its 200-day moving average is $13.51.
HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 24th. The computer maker reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11.44 billion. HP had a net margin of 5.41% and a return on equity of 106.26%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. Analysts forecast that HP will post $1.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th were given a dividend of $0.124 per share. The ex-dividend date was Monday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.54%. HP’s dividend payout ratio is presently 26.74%.
In other news, insider Marie Myers sold 10,269 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $14.55, for a total transaction of $149,413.95. Following the completion of the sale, the insider now owns 22,390 shares in the company, valued at approximately $325,774.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy S. Keogh sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the sale, the insider now owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
Several hedge funds have recently modified their holdings of HPQ. Advisory Services Network LLC increased its stake in shares of HP by 9.5% in the third quarter. Advisory Services Network LLC now owns 9,316 shares of the computer maker’s stock valued at $145,000 after buying an additional 807 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of HP by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock valued at $172,000 after buying an additional 2,755 shares in the last quarter. Wealthsource Partners LLC bought a new stake in shares of HP during the first quarter valued at $175,000. Wealthfront Inc. increased its stake in shares of HP by 27.2% in the second quarter. Wealthfront Inc. now owns 17,036 shares of the computer maker’s stock valued at $214,000 after buying an additional 3,638 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of HP by 3.4% in the third quarter. Raymond James Trust N.A. now owns 15,483 shares of the computer maker’s stock valued at $240,000 after buying an additional 513 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.
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