HP Inc. (NYSE:HPQ) Receives Consensus Recommendation of “Reduce” from Brokerages

HP Inc. (NYSE:HPQ) has received an average recommendation of “Reduce” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.5833.

HPQ has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Sanford C. Bernstein restated a “market perform” rating on shares of HP in a research report on Monday, December 1st. UBS Group decreased their price target on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, TD Cowen lowered their price target on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th.

HP Price Performance

HPQ opened at $19.33 on Friday. The company has a market capitalization of $17.68 billion, a P/E ratio of 7.32, a P/E/G ratio of 5.33 and a beta of 1.18. The firm’s fifty day moving average price is $19.98 and its two-hundred day moving average price is $24.16. HP has a fifty-two week low of $17.56 and a fifty-two week high of $30.61.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. HP’s dividend payout ratio (DPR) is 45.45%.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the transaction, the insider owned 169 shares in the company, valued at approximately $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ketan M. Patel sold 33,321 shares of the business’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. The trade was a 49.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On HP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Westfuller Advisors LLC bought a new stake in shares of HP during the third quarter worth $28,000. Laurel Wealth Advisors LLC increased its position in HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of HP in the second quarter worth about $27,000. Caitlin John LLC acquired a new position in shares of HP during the third quarter worth approximately $30,000. Finally, Garner Asset Management Corp acquired a new position in shares of HP during the fourth quarter worth approximately $25,000. 77.53% of the stock is owned by institutional investors and hedge funds.

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.